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. 

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.

Am I wrong to think that I need a mortgage calculator due to amortization schedules?

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

Are you talking about the Lodging Tax/TOT (Transit Occupancy Tax) ?

As far as I know it's just the jump in property tax that comes into play.  

@Hector MejiaNevada is a great state to invest in because it's landlord friendly, no state income tax, lots of job growth, and positive population growth. 

If I am transferring 2 properties from a co-owned LLC to a personally owned S-corp, do I have to pay any taxes on that transfer?