I assumed it is but want to be sure.

Today, the property is worth $95k and I find it very difficult to do a cash refi or HELOC to purchase other properties because it’s in an LLC.  

Do I stand a chance in small claims to file for one day they refused to pay, legal charges and my wages lost from work because tenants unitarily extended their contract by one day without asking. 

Maybe you make it sooner, but your post makes me feel uneasy because I think your why is corrupted by speed to some potential fortune, as evidenced by your 7k/month in 10 years.

They continue to roll over until they can be fully utilized, either by offsetting future rental income or when certain events occur (e.g., your income drops below the threshold or you sell the property).If you sell the property, the accumulated passive losses are released.

It's all about taxes now.

I'm currently paying $4100/year for insurance, and when it renews in October it will go up to $5500/year.

One thing I have noticed is the asking price with it's cap rate, is almost always priced out by the properties POTENTIAL income! 

I started doing research on different zip codes in which to use the BRRRR strategy.

Anthony here, my wife Chynna, and I are relatively new to real estate investing, but we’ve already taken our first steps by acquiring two multifamily properties—a triplex (where we currently live) and a duplex.