You may want to consider a more passive investment with a proven sponsor that uses a cost segregation study and elects bonus depreciation, which create significant passive losses for investors. 

Many S corps are an LLC (with 1 or more members) with an S election added. 

Here in CO, the first step is for the lender to file a "notice of election and demand" or NED. 

Specifically, Zach Kenyon (Assistant VP) and Art Floss (Market President) on the commercial side.

They often need the full rent every month to make the payment to the bank or they get in trouble.On the flip side those that bought massive houses and had no business doing so will tend to also have big problems.The cycle was extended for years past regular 8 to 12 year cycles due to last President's tax incentives.

Many borrowers that elect to utilize a first lien position mortgage as opposed to a HELOC try to reduce the pre payment penalty (to one of none) so that they can pay down the loan balance from the proceeds of their completed acquisition and refinance at a lower loan amount.Another alternative to DSCR cash out refinances could be fixed rate second lien position loans which can offer expanded guidelines and slightly more attractive loan rates. 

You are essentially  carrying the taxes forward into the new property... and there are rules, like how much bigger property 2 has to be than the first one, and you have to make the 1031 election at the time of the sale of the first property... and the proceeds of deal 1 can’t come into your name, etc.  

Bonus depreciation is an election to take first year 100% deductions of any items in the property that depreciate under 20years, like 'personal property' or land improvements..

I've elected to use a hybrid model -- referrals and some of the conventional as I will be jumping into the scene on a part-time basis. 

So they're some speculation out there regarding holding off on investments until the outcome of the upcoming elections.