Be sure to consult with your CPA to determine if you can utilize these deductions based on your specific tax situation.

@Jefferey EutsayIs there a specific aspect of this deal that you are hoping to get advice on?

Are there specific advantages or potential pitfalls I should consider when structuring these activities through my LLC?

I couldn't find anything too specific on the site.

Have you ever seen rents actually go lower (I'd assume this would only happen if occupancy dropped significantly, but that seems like something that could happen in a recession).Also a BAM specific question/concern - from what I understand they are based in Indiana, and I see in their current open offering one of the properties is in Indiana (great) but I'm wondering why the other property is in Arkansas? 

But the likelihood of success with that depends on the specific street.

While I haven’t invested in NYC specifically, I can share a bit of perspective: For a 3-year timeline, buying can make sense if you’re confident in the market’s appreciation and can find a condo with flexibility for renting it out later.

Are there specific military programs or contacts I should look into for housing opportunities?

Also, consider creating a JV agreement for the specific opportunity you and your new found partner decide to pursue!

Check with your accountant for CAL specific tax laws.