Laws that favor renters may have an effect on property management and eviction procedures.NYC cosmetic repairs can be expensive since labor and materials are more expensive there.

But there is no pacemaker that drives 18 year cycles or any other number of year cycles.Home prices hinge on cost of labor and cost of materials plus cost of land.

Construction material and labor costs makeup a large part of a home’s price appreciation as well.

And usually the architect technically has a license on that material, I believe. 

We are planning to upgrade all the units and increase rent by using quality material. 

We will be taking out a wall to open up the floor plan and I don't want to be exposing anyone to lead dust, but I'm not sure a test is necessary if the materials are being removed regardless?

You also can take the loss if you have other passive income or if you (or your spouse, if married) work in a real property trade or business and you materially participate in the rental.

The qualification is not material participation but active participation.

I recently graduated from Lehigh University and since graduation I have been working as a Logistics analyst for an industrial construction materials supplier in Long Island City.

True freedom isn't buying 5-6 houses and hoping for the best, it's a combination of suffering(by eliminating expenses, material items, immediate gratification areas) and betting on quality growth(delayed gratification, asset accumulation, perseveration, etc.) and managing the tail and head winds that come with this.