This projection will allow you to make your quarterly tax payments for the Federal and State on time. 

While I believe the laws are federal, and therefore the same everywhere, a local professional with extensive experience in the area will be able to tell you based on the type, age and location of the property what your potential risk would be and the minimums required by law to have it taken care of, if necessary.

I love that my tenant is the government.

Putting 10 properties into a blanket loan doesn't have any effect on the number of mortgaged properties.30 year fixed rate loans at low rates exist because of government policies. 

Definitely check into your local rebates offered, as well as any applicable federal tax incentives.

Enjoy the government rent subsidy and sit pretty.

A "Conforming" loan is a loan governed by Fannie Mae and Freddie Mac (if you recognize those names).

Local law overrides state and federal law in this case.

Without the improvements, my accountant estimated that my taxes after commissions will be $12,500- $9,500 Federal and $3000 state.

They should have started the pay or quit and eviction process on November 2nd when rent was not received on time.Your friend needs to take the time to sit down and learn the regulations governing his business.