I will give an example, in San Diego at 50% rent ratio (experienced investors should do better than this), the prop tax alone is 20% of the rent.  

A DSCR loan will be the easiest to qualify for as it does not require any personal income documentation such as W2's, Tax Returns, etc.

You’re already at $360k with Reno and lost rent, $6,000 in mortgage payments plus a thousand in taxes/insurance, another thousand for utilities.

Keep in mind that they will be looking at your tax returns.  

Plus taxes and insurance of $20000+ X 10 years= $200000You will need a $1,010,000 loan at 77% loan to value of $1,300,000 to pay them in full.You will need a FICO of 720 and $27000 monthly income assuming you don't have credit cards or car loans... assuming Jumbo loans are qualified similar to how it works today.

Tell them they pay attorney fees $7000, notary fees $400 for two people two locations, recording fees $100, any title or taxes it will slow down the desire to make changes. 

All of these things are great for you as a customer, you are protected against all kinds of bad things happening on the jobsite.Plus your finished project will now be legal in the eyes of the City and your Insurance Company.and they pay their taxes.  

After this year's tax bill I need to do something different to reduce my tax liability.

My question being, if I asked to be a 1099 employee instead of a W2 employee, would i qualify as Reps for taxes since I self-manage and take care of all of our own rentals yearly?

As far as taxing goes.