The reason is since I am the owner of the LLC, it's income is reported in my personal taxes. 

You should leverage the paid off property that you have by doing a cash out refinance and then use that to buy a new build for $300-350k putting at least 25-30% down, you can find these that will rent for 7% (annual) of the purchase price and have very low property taxes and insurance.

I have taken the wholesale and passive income course and started in March 2021.

Looks I have to report net income on SE Line 24 ($2k), but on Line 25, I cannot claim losses due to higher income (>$150K).

My NET operating income (what actually matters) was 60k less than the year prior. 

Madrid have become the number one City in terms of income and investors since for the last 25 years investor friendly goverments in the region had atracted the bigger companies of the world to invest in the city.

For the past year I have been looking for a place to buy as an income/airbnb to buy in Mexico and have inquired about Playa del Carmen and Tulum and keep coming back to Tulum as it seems like it has the potential for growth with airport coming and simply more infrastructure.

They take into account the tenant's income, other housing costs like utility bills and market rent for the area. 

I'm      particularly interested in exploring the BRRRR strategy, despite the initially lower monthly cash flow.Long-Term Goal:- The ultimate objective is to achieve a monthly income of $15K+ through real estate investing within the next 10~15 years.I greatly appreciate any guidance, tips, or perspectives you can share based on your experience.

I purchased a triplex in Fort Lauderdale, FL. in 2020 and house-hacked for a few years while renting the other two units on annual leases.