The challenge with many syndications that focus on the typical accredited investor (or sophisticated investor) is the actual partners will earn out their "investment" many times over as soon as a deal closes.  

I do not really have the desire to buy more unless there is a really good deal that comes along.Some people tell me that if I pay off my mortgage early then I will be able to leverage the tax benefit of owning and paying mortgages properties.

Building your net investable assets to their highest amount will enable you to meet all your financial goals, including your target passive income.As an example of this (I’ve used this example in a previous post) I had ownership in a retail/service center I desired to sell.

The way I've valued multifamily properties is to calculate the Net Operating Income (Gross Income - Expenses) and then divide by desired cap rate.  

Room has AV equipment and internet if desired.

There is also a large Victorian Home in the historic district (in city limits) that would be a possibility because it's more space and closer to Downtown but still a desirable neighborhood.

Sure you can find rental properties under 100k still but they most certainly will not be in a desirable area.  

Long Island will always be a desirable market. 

Quote from @Matthew Paul: Earn more money , spend more money .

They want someone to bring them Gatorade, a cool towel, and a snack mix while they put their feet up and earn passive income for years without knowing a single thing or listening to anyone except people who don't know anything.