Draws from the bank increase cash and loansPayments to subs decrease cash and increase expenses / or investment in property

How do partnerships decrease or eliminate SE tax??

Agree with all above regarding market saturation and decreased occupancy compared to 2020-2022 data, so it makes sense to utilize 2019 data for a better insight.

If the population is static or declining, the existing housing supply meets demand, so prices do not rise significantly.Rents follow prices.Higher prices reduce the number of people who can purchase, increasing demand for rental properties and increasing rents.Lower prices enable more people to purchase, decreasing demand for rental properties and decreasing rents.If you buy property in a low-cost city, your rental income will not keep pace with inflation.

Starting January 2022 my mortgage payment decreased $400 per month.

The state should prepare for a dramatic decrease in property tax revenue. 

So, if it goes over 50% investor owned, no one can get traditional 30 year mtgs….so demand decreases due to financing that is harder to get and more expensive.  

Good news is that you are in the RE activity, and you could decrease your flip profit via rental activity. 

So that savings of $633 in the first year will increase by a certain percentage each year due to the increase in price of electricity offset, decreasing the payback period. 

With the new information, I may be swayed to think you'd have a small shot at convincing the IRS your property value would decrease after the development took place.