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.

Here are some tips for presenting your case:Property Details - Property address, size, style, and other comprehensive data that would attract someone that wants to make money.

How Can I Change My LLC Tax Identityhttps://www.rocketlawyer.com/article/llc-tax-infor...

Any helpful tips will be very much appreciated.

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

If you have any other pointers or starting tips, feel free to reach out.

Not exactly sure how this would work to make sure we are taking advantage of the loss reported for our own personal taxes.

Northeast Florida can offer some fantastic opportunities for cash-flowing properties, and networking with fellow investors here on BiggerPockets is a fantastic step in the right direction.As you prepare for the Rookie Boot Camp in May, here are a few tips to help you make the most of your networking efforts:Participate in Discussions: Feel free to join in on discussions, pose questions, and provide your opinions or experiences in the forums.

@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.