I know property taxes and insurance in Florida differ vastly between coastal and inland cities. 

Louis, and Cleveland, are known for their affordability and relatively low property prices compared to coastal cities.

These supply issues mean that homes in coastal states and other expensive areas are going to appreciate quickly, though as you’ve found, they’ll also be chronically cash flow negative.Also, as Patrick said, I think looking into states like Alabama might be your best bet, especially if you’re trying to invest in new construction homes (which are generally pricier than older housing stock) at 80% LTV.Plus, the state roughly meets your criteria: it’s a landlord-friendly place, property taxes average under 0.40%, and there’s not a lot of snow in Alabama—Birmingham, for example, gets just an inch or two of it per year.

I start with thank heavens it's not California where you are not allowed to do anything to preserve your real estate against the ocean also known as the Coastal Commission.

These really old houses don't have cement between the bricks, it's lime and sand mortar, so it's not very secure when you dig under it. 

Do you see VA/FHA rates in the 4's and conventional in the mid to low 5's is possible by Q2 of next year?  

The only exception(s) to this (if any) are the items reflected on theaccompanying Escrow Holdback Agreement, if applicable.Citizens is authorized to disburse the final draw in the amount of $________________ in accordancewith the executed Disbursement Authorization on file.It is understood that, in the event the Borrower(s) are dissatisfied in any way whatsoever with theremaining construction after completion by the General Contractor, their sole recourse is against theGeneral Contractor.Borrower(s) and General Contractor, jointly and severally, agree forever to fully protect, defend, andsave harmless Lender from and against any right, interest, claim, and each and every of them, ofBorrower(s) or General Contractor against the Lender, against all losses, costs, damages, and attorneyfees and expenses of every kind and nature which the Lender may suffer, expend, or incur under or byreason or in consequence of holding the remaining proceeds as provided herein."

Still, despite affordability challenges, homebuyer demand appears to favor already expensive, coastal markets with a limited availability of properties for sale.”

The houses in that neighborhood are all built before the end of the 30’s and are nowhere near as nice.  

Quote from @Phil Shelton: this is what my cpa said, "Your income above the limit which is less than 150K in order to take rental losses which again are limited" In your case, you are carrying forward the losses towards 2023 taxes as shown on page 5/95 of the return and as far as the income limit form 8582 page 83/95 has a detailed breakdown for youWithout more information, and based on your CPAs comments, I’ll assume you have losses on long-term rental(s) and are materially participating in 2023.