Things in your tax filing need to be really off to do this.Being a REP/active participant and using cost seg to offset a spouses (or your own if that's all you do) W-2 wages is fairly common practice.

When that portion was complete, I could then receive draw money which allowed me to pay my utilities, taxes, and mortgages.

Nice, but confusing.Our situation: FICA for kids turning 18 while working for us.So, the only thing we can conclude so far is that the age definitions in the tax law are wildly inconsistent and unclear.

In addition to other tax strategies like a cost segregation study on the fully rented out house.

So, instead of paying taxes on $50K, I'm paying taxes on only $21K. 

As soon as people receive their tax refund checks, they will be knocking down your door.

Currently, interest rates, taxes, and insurance are very high, making it difficult to cashflow with downpayments that are below 40%.

Here are some thoughts I hope help.The benefit of selling now is that as an inherited property you will likely pay no taxes because you inherit it at a stepped-up basis.I'm not a huge fan of buying a house that has lot rent.

Note: Florida charges a hefty tax on rentals under 6 months. 

What about the utilities, property taxes, maintenance and repairs, capex, etc. are any of those optional for you?