I’m looking to invest in a portfolio of multifamily properties to eventually replace my full time income.

However, one of our objectives is to reduce the tax burden we face on our W2 income.

Nevada has no state income tax and the 4th lowest property taxes in the United States. 

Make sure you dont have any major shade that comes over your house otherwise it will affect how much power they generate.

.- Maybe a once a month get together or zoom call - or maybe much moreThe ultimate goal is to become financially free/generational wealth - for everybody in the teamThank you for reading Leave a message if interested

Which I would think is surrendering the rights due to the inconsistency of income or no income or wages? 

Indeed, and depending on a variety of factors you can even use them to offset your w2 income 

We have 2 W2s( Me+ Spouse).Have a primary residence SFH and 2 rentals.I have around $40K of rental income after all the deductions/depreciation.This time I used a CPA and I am a sure he tried his best to get all deductions possible.

Census data - median household income, employment stats, bachelors degree percentages, crime, vacancy rates, appreciation2.

If you're at a loss and paying off the shortage still puts you at a loss I think your best bet is selling, or seeing how you can get more income from current rents by making it mid term/seasonal or an air bnb.