Your accumulated depreciation was probably entered incorrectly.

Now I am looking at converting one of them to a short term rental and the other as a long term cash flow property.However, I have started to learn more about the BRRR method and it seems amazing for building up your REI portfolio which has me wondering why more people don't just do this to accumulate properties.

Without good jobs it would be a pretty slow road to accumulate the $30,000 / deal it took us to by an average rental a few years back. 

They are preparing to make a bet with what is to many of them literally a lifetime of accumulated liquidity.

When you sell your income property, you can write-off any unused rental losses that have accumulated while you have owned the property.The Disadvantages of having an LLC.Up Front and Ongoing ExpenseWhen setting up an LLC there are costs involved that are generally charged by an attorney or tax accountant for the preparation of your LLC charter.

There is no time limits, and there is no need for a qualifying intermediary.Since your move is caused by orders, there is a provision covering that in the code, check with you CPA.We've discussed here at BP in the past the benefits of military personnel keeping and accumulating residences at serial duty station as rental properties garnering a nice portfolio by retirement time.

In addition, employer contributions may be withdrawn upon the occurrence of any of the following events:1) The occurrence of a Hardship,2) The attainment of age 59 ½3) The employer contributions being withdrawn have been accumulated in the solo 401k plan for at least 2 years; or4) The participant has participated in the solo 401k plan for at least 5 years.

At that point, you accumulate those expenses and add them to the basis. 

It wasn't only about accumulating units, but also better business wisdom on executing the whole rental platform. 

(from our Property Rules Addendum)Tenant acknowledges that it is necessary for Tenant to maintain appropriate climate control, keep the dwelling unit clean, and take necessary measures to retard and prevent mold from accumulating in the dwelling unit.