It’s definitely smart to evaluate the tax and cost implications of your funding options.

Where to get the most recent and accurate data for things like:Unemployment dataPopulation growthJob diversity and top employers in the areaVacancy rates (eg huduser.org)Property taxes and jnsurance costsI saw bp pro and reventure and a bunch of other websites provide some of this data, but i wonder how accurate and recent it is.

Have any idea about Gift tax in NY?

As U.S. citizens residing in Europe, we are required by the local tax code to hold the property in our personal name.

Now I can see some builders having an issue with comps.. but other than that its crazy to take these funds as income and then pay tax and plow it right back in.. 

Be sure to hold a hefty reserve to handle on-going maintenance, capex, taxes, and insurance.

Rentals generate passive income, so an S-Corp offers no added tax benefit.

This has driven up the property taxes there. 

Use umbrella insurance as an additional safeguard, especially if you opt not to form an LLC.Avoid S-Corp taxation for rentals, as rental income is passive and not subject to self-employment tax. S

They owe over $6,000.