Asking in the correct forum will get a better response.Read the RULES!

Money has to come from somewhere so where will it come from.issue will be if they increase sales tax it will be regressive tax as those who rent and don't own and have low wages will still pay more for everything.

We talked about opening the meetups to the general public, and not just BP members to get more people. let me know what topics you'd like to get more expertise on, and I'll line up some people to come so we can pick their brains.

Unless you have a clause in the purchase of the entity that clearly makes you responsible for the entity from the day that you buy it(Indemnification) I wouldn't bother with the LLC.Good luck man. all the best!

Instead of buying the same type of property each year, the idea is to gradually increase the size or number of units in each deal.

@Stuart Udis has hit the nail on the head.  

When you start going down the chain for quality of tenant the odds of going dark goes up.

The prices in the markets we looked at i.e. troy, Schenectady and Albany all had great prices and rents were inline but kept coming back to "what if the tenant doesn't pay". 

You also want to look for these like/kind properties that have sold in the past 3-6 months within a .25 to 1 mile radius.This comes with practice so the more you do the better you will become at it. 

Generally though, you can deduct interest on the mortgage up to a certain point.