…They simply have to buy as much or more than they sell for (after closing costs) and reinvest all “cash” they receive. 

You don't want to be starting this process over on August 1.Second, the New Mexico court will award you monetary damages for your unpaid rents, court costs, etc.

If your competition is at 60% cost to income, then you should be close to that

You can "generate" it if you purchase, either yourself or with others (e.g. syndication), a large property and do a cost segregation. 

More expenses than you estimated?

It costs me insurance and about $600 in taxes each year.

We are now seeking advice on how to protect our assets while owning the properties in our own names, without incurring excessive costs that could lead to negative cash flow.We are open to exploring creative solutions that strike a balance between asset protection and financial stability.

Also, stop trying to charge tenants for the costs to maintain your own property.

Hello,Does anyone know if you can take a tax deduction for closing costs on the purchase of a rental property? 

It does take extra time but it gives me peace of mind to have multiple estimates.