With the ground lease you are not usually getting any tax depreciation like with a NNN building where most allocate 75% value to building and 25% to land.Many other factors.

I am cash flowing negative $22 per month with this loan, allocating for taxes, repairs, CAPX, loan.Paid: $21,000+closing costsRents: $650 (long term reliable tenant) Appraised: $36,550Thanks in advance for any help!

I want to make sure I'm allocating enough of the profits to taxes.Account Closed say how landlords are among the most advantageously taxed individuals, so I'm looking forward to seeing that firsthand when I file next year.

I allocated 133 in back rents owe but with the turn it can be used for snow removal or other misc expenses.

I am re-allocating capital from appreciation plays into more cash flow plays but there are lots of ways to make a profit in real estate and only time will tell. 

If it's a business and you are in the growth phase then you may want to minimize equity, while if it is more of a portion of a diversified portfolio, you may want to keep more equity.For example, I am in the growth phase of REI, with it being more of a business than a portfolio allocation I add to slowly, so I try to keep as little equity in a deal or property as possible while still hitting a minimum cash flow value, thus maximizing Return on Equity (RoE).

Thirdly, would we be able to allocate some of the money from the sale of the Mexico house within a 1031 for renovations on the newly purchased rentals or is it set up to allow only for the purchase of the properties? 

@Lindsay West Yes, she can combine the two strategies to avoid taxes, however notice the critical caveat pointed out by @Wayne Brooks: the part of the sale price allocated to 1031 cannot be applied towards her new FL home.

And you can allocate those proceeds in any manner you want. 

Scenario #2:Sell SFH, purchase 10 smaller propertiesIf I sell these 10 smaller properties at some given time separately in the future, do I only pay the deferred taxes on that portion of the 1031 that was allocated for each home?