Quote from @Greg Scott: LOL  Very creative.It could produce a windfall, or perhaps, massive IRS penalties.  

A third reason people are selling is failure to run their business and their finances on a fiscal year.

Funny story: my son the rock climber was in the Seattle area a few years ago when they had a massive snow storm with more on the way.

Along the way I would love to get investors instead of lenders and eventually scale massively. 

Not a single one of the properties I was under contract for made any sense once the massive price increases were put in play.

Using this method, we will have our home paid off in about 2 more years AND will have a massive HELOC we can use to scale even more. wht are you going to do after the mortgage is paid-off ?

There is such a massive oversupply of units in that region that it will likely affect other neighboring regions for the next few years. 

If you forget, you face massive fines.In a small partnership, you might be redoing this paperwork quite frequently. 

That sounds like massive renos (ie new floors, painting...).Yes as you acquire more properties, the chances of having multiple vacancies (no matter how leases are staggered) increases.

The judge there is "progressively" destroying rental property by allowing massive delays in evictions.