Only one tenant smokes and it fills the other units quickly. 

This experience can help you scale your portfolio over the next few years- Local properties appreciate faster, which allows investors to reinvest their equity into more local multifamily units OR other markets where the cost per unit is lower (i.e., Philly, Upstate NY, etc.)The Bronx is arguably the best borough to consider the househack strategy.

In other words: different people will answer it differently.

If you're only doing a couple or so transactions per year probably ok.On the other hand, you can have more control and eliminate the need to go through a custodian for investments by the use of checkbook IRA or Solo 401k.

Yes ive been offering first and ive been factoring wost case on rehab and then it hurts my offer price. for example i may estimate a $50,000 rehab when other investors know its only $30,000 and then i miss out on the deal because my offer price is 20k lower than it should be

When you have a good cash on cash from day one, it means that appreciation won't be that great.There are many other factors to look at as the neighborhood and the age of the property those are going to give you a better undertanding on future growth

Before it was primarily retirees who were really looking for the social interaction with owners and other guests. 

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

While this helps shelter real estate income, you'll need someone in your household to meet Real Estate Professional status to start using depreciation to offset W2 and other ordinary income.

Since you're looking to expand into Florida and other states, I'd recommend starting by narrowing down your focus:Market Research – Florida has great opportunities, but each state and city has different laws, taxes, and demand drivers.