I have been showing the house since the beginning of November and i've shown it to about 50 people so far, I've had 0 applications.My house is priced at the higher end and this is because i have very little cash flow The advantage of being a landlord is the equity that i'm building by covering property tax, insurance and mortgage with the rent price.

Those that respond “$0” or something ridiculous, you can request income documentation from them to justify.Don’t be afraid to share with them how much your property taxes & Insurance increased and that YOU cannot afford to absorb them.ALWAYS get an increase or something of value annually or tenants will start thinking they should never have an increase, making future increases that much more difficult to negotiate.

He claims to be a lawyer who specializes in real estate and business, his content is good and I am looking for someone to help me set up a structure for my property management business and the couple investments I own so i can save up on taxes.

And it does let you manage your tax bill better.

Sales are public information and so are property taxes.

Also not clear if property tax is included in your mortgage?

Basic leverage methods would be to Sale and pay taxes, Sale and do a 1031, or collateralize this asset to buy another asset. 

You should get a good CPA to help you with the breakdown and taxes.

Anthony thanks for taking the time to respond to my post the cash flow issue will not be resolved until my brother who lives at the house is not able to care for himself at that point then I will have a decision to make on this property, my thoughts were can I consider the house a business expense for tax purposes or do I need to consider it as personal property for the taxes.

Texas has been the belle of the MF ball for many years but investors and operators I trust are having questions about Texas - insurance costs property tax costs and weather related issues.