You have to factor in deferred maintenance, vacancy, regular maintenance, taxes, water/sewer, insurance etc. 

You could sell and defer the payment of your taxes through a 1031 Exchange if you want to remain invested in property held for rental, investment or business use. 

The money grows tax- deferred and is taxed when you take a distribution in retirement.  

I would be worried about deferred maintenance on this project, but it might turn out to be a fantastic BRRRR property!

Updated kitchens, bathrooms, flooring sounds like deferred maintenance, so you can possibly use that as a negotiating point.

On my unit it makes a decent income and with depreciation it is all tax deferred but cash flow wise with the bank loan the cash flow runs about 7k short or in the hole.I was curious when I read above in this thread that your unit should gross 15x a week in the summer for an annual guestimate. 

This will defer the tax, but it won't eliminate it.

This is off topic to LLCs but relevant to Wholesaling, and thought I would catch you here and see what your take on this issue is.For wholesaling with low/no money, my partner and have been driving for dollars for the past couple days and have aquired 50 solid addresses of maintenance deferred houses.

Once we get the majority of the contact information we will start cold calling the houses and finding out what the owners want to do with their maintenance deferred properties to try and create a deal. 

The tax advantages that go along with rental properties do not help you in a tax deferred/advantaged account.