If you have this debt and need money, you may not be preparing yourself for the challenges of being a landlord.

If I did, I'd find a place I really like to visit and be prepared to spend a lot of time there making connections.  

With the right resources and preparation, you’re set up for success!

Again, this is only based on info you provided so there could be a lot more to the story for the good or bad but I can only comment on what was provided. not sure many are thinking rates are going to drop much in the next year.. seems like one would want to know how much they need to drop to see if the plan will work before putting good money after bad.

The investors must be provided a Private Placement Memorandum, subscription agreement, and operating agreement.  

David Greene is preparing to publish a new book, "Better Than Cash Flow: The Ten Ways You Make Money In Real Estate"

Also, as I prepare for estimates, would be helpful to know where my in year deductions actually are.  

are there services in NY that provide this info.. 

Condition, pictures, any financials they can provide.  

Not going to give here a lecture on S-corps, but take my word: no benefits, only extra hassle and extra cost, such as preparing another tax return.