Along with a free search tool called Google and the 500,000+ members of all kinds of backgrounds and experience levels on here you can get any and all info you could possibly digest in a lifetime and save all that money...

You can often check with the county or city and they usually have tax assessor digests segmented by property type.I do not like contracts I cannot terminate at anytime.If Loopnet and Costar need a contract that cannot be terminated that should tell you something.

Here are some numbers for you to digest. 1.Form a LLC, I used Legalzoom - $600, I think an attorney in NY will do it for $1,000 - $1,500a.Make LLC complianti.Publication - $500ii.Need operating agreement – additional cost if you have an attorney draft one b.Annual filing with NY state of the LLC, min $25 if no profit.2.Transfer deed to LLCa.For Nassau county, attorney will do it for $1,500b.If you do it yourself, recording fee is $1,0003.Tax seasona.Depends if the LLC is single member or multi members; Multi-member LLC offer better protectioni.Multi-member LLC will require the CPA to file K1s for each member, additional costNow you have your properties in a LLC are you protected?

It will be neat to see discussion on the tax bill itself, but also loopholes and strategies that develop once the massive bill has been digested. 

We thought it might be a good idea to convert the thread into something more digestible, so we pulled out all the questions from other users and transformed it into an ebook that we're offering for free to all members of BiggerPockets.

A few quick questions about the 1% rule while digesting the BP Intro to Real Estate Analysis.Do you subtract vacancy from gross monthly rent to get the numerator?

The Freedom Militia School of thought being that you can buy ammo with gold, but as Micth pointed out above, at some point my ammo will be worth more then your gold, depending on the circumstances (if you believe in that kind of stuff) my ammo will be worth more to me than any amount of gold, since my rifle won't shoot gold and it would be very hard to digest!

There were 2 classes released a week, which allowed for time to digest the material.

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So I saw this post a few days ago and have been digesting it.