Any current roadblocks including time-to rehab permits being issued, local landlord laws/trends, property tax to rent YoY trends, etc. 

Bottom line is that you may put yourself in a situation where the best way to maintain your tax efficiency is to keep your investments foreign for the long term. 

No matter which side of the lending transaction you are on, you will want to consult with a local RE attorney and get docs drafted up by a professional to make sure you stay legally compliant and have adequate protections both as borrower and lender. 

Why didn't you simply elect this LLC to be taxed as an s corp, rather then forming a new entity? 

Recently refinanced so 27-28 years to go.25% equity built up at current home valueI'm cash flow negative on cash flow each month (~700-800 per month) because the rent doesn't cover the mortgage, HOA, and property taxes.

Evaluate operating expenses, including property taxes, insurance, utilities, maintenance, property management fees, vacancies, and capital expenditures (CapEx), to ensure accurate estimates.

Do you earn appreciation on the note or claim depreciation on your taxes? 

And remember to declare your rental income on your taxes so you can use that income to help you qualify for the next house hack!

This is a great illustration of why you should have an independent agent/broker that you can consult with before contacting the actual insurance company. 

Not exactly sure how this would work to make sure we are taking advantage of the loss reported for our own personal taxes.