These deals will be more passive and you can still get the tax benefits of owning real estate, plus debt paydown and appreciation.

When you do a cash out refinance you pay no taxes and if you put 75% down your rate is going to be in the mid to high 5% right now.

(Obviously your primary would not be eligible for a 1031 but would be 100% tax free.) if you owned it less than a year you’d owe regular taxes and I’d suggest holding on for a year if possible. 

And that's on top of the fixed expenses like taxes, insurance, water/sewer/garbage, etc. 

There are no income checks, DTI, taxes, or W2s involved.

LLCS are sometimes important to the states who won't let you homestead (get a tax break) a property in an LLC. 

The current rental income is $5,300/month, while our mortgage is $1,500/month, property tax is $600/month, property management costs $200/month, and maintenance expenses are currently unknown.We’ve utilized a HELOC from this property, amounting to $300,000, for renovating the basement and investing in a preconstruction condo and another property in a different city.

Even if you use a large amount of cash for the down payment, you can always do a cash out refinance in 12 months to pull out some of the cash "Tax Free".  

Section 1031 tax deferred exchange where the proceeds from the sale of the Property are used by a qualified intermediary to purchase like/kind property.

I would like to get this taken care of, because it's incredibly taxing financially when I have to carry these business expenses myself.Thanks,Nick