Readers are advised to seek professional advice.

In theory, you would only hit the maximum SS amount (possibly SDI depending on your state).I think the bigger question is: did someone advise you on making an S-Election for a rental property?? 

Thank you for your reply and advise Simon!

I've found that new construction in most cases has less margins and more "professional players".If you aren't going to go ALL IN on new construction with the plan to build many houses I don't advise on it. 

I would advise to go check with the City.

Readers are advised to seek professional advice.

So, I will dispense this advise generally, as it can apply anywhere.

Even the Attorney General has advised that passage would likely result on a lawsuit that would not be favorable to the state.

I've done the math and if I go into a property with a 4% cap keeping the same equity/debt ratio, I think I can cashflow pretty well.My question is:  is this advisable? 

Hi. I self manage my units, which I love doing, and therefore my tenants have my phone number for when there is an issue. I have inherited one tenant a year ago that has no boundaries. If something bothers this tenant...