Cost segregation helps in some situations but not in other situations.Here is a post to get you an introduction:  https://www.biggerpockets.com/forums/51/topics/1075919-five-... 

A balloon payment (if any) can be put into a future year, possibly after other income has become less, so as to not create a higher tax bracket year.

Would I still be able to cancel for a situation like this due to not having enough funds and get my earnest money back? 

With a revocable trust, your mom still owns the property for tax purposes, so there’s no immediate gift or capital gains tax, and you could take over later as a beneficiary.

I’ve been seeing more investors use asset utilization loans lately, qualifying based on their liquid assets or portfolio instead of income or tax returns.For experienced investors or self-employed borrowers, this seems like a powerful way to unlock equity and keep scaling even when write-offs limit income on paper.Has anyone here closed a deal using this type of financing?

Hire a financial planner to get professional advice tailored to your specific situation.

We have an account with datatree and propstream which both show property taxes on a property.

That means depreciation recapture applies on your share when you report the sale.This is one of those situations where it’s worth having a CPA or tax attorney review the deed to confirm how title was structured, because that detail drives the tax treatment.

Eventhough TX and TN do not have a state income tax, you may have to file an LLC Tax return in those states.Best of luck!

@Steve Karpowich her post stated she didn't think house-hacking would work with her family situation.