I emailed the applicant to give him a heads up about the language in the lease, in case he wanted to find a more dog-friendly property, but he wants to go ahead.

Either you use a mileage allowance of 67 cents per mile or you use a more complex method called actual expenses.

I could give the town a shout to get a more dialed in number for the taxes but your right, NY property and school taxes are insane. 

I'd like to one day find all the deeds on the property going back to 1857 just to get a more accurate picture. 43 years: 4,400% gain (annualized 102%/year)26 years: 144% gain (annualized 5.5%/year)6 years: 47% gain (annualized 7.8%/year)Besides Real Estate where else can you see these kind of gains, tax benefits, and leverage?

I read the comments above but don’t see a more recent one.

I think this is a more than fair post. 

(I have a more complicated one, if interested)3.

(I have a more complicated one, if interested)3.

Since it requires a more in-depth conversation, it is always better to be prepared than surprised!

The things you need are very formulaic, and most competent real estate attorneys can do these very cheaply, in the hopes that if you ever have a "more expensive" need, that you'll contact them for that, too.Congrats on getting up and rolling, and best of luck!