Even if the properties are titled to separate LLCs, they all collapse onto your personal return from the IRS's perspective so it is all one rental property business.That's my understanding; but I am NOT a CPA and not giving tax advice (just to be clear) ;-) I'd be happy to recommend my CPA for a deeper conversation!

Also, if you wait, you can find some decent deals in down markets next time things collapse, one of our Rittenhouse condos we picked up in 2013 has appreciated 40% since then, so no complaints there.

I had my sewer line collapse this past summer. 8k and it was repaired in a couple of days.

Additionally there is a drain in the garage that runs under the driveway and to the road that is backed up (or collapsed, though I dont even want to think about that as we would have to tear up the driveway to fix it), and we believe it is also causing water to run into the basement.

If we start implementing laws like they have in Florida after the mid-rise collapse, that will make selling even more troublesome.#4  As time goes on if you don't have a very proactive HOA board, this also creates issues. 

Euro collapse.  

Most deflationary collapses end in war, chaos, upheavel, poverty and depression.PG

He took forever to finish it (18 mos) and, by then, the market had collapsed and I had to turn it into a rental.We were both supposed to go into rentals from then on because of the way the market was headed.

you'll see the same financial collapse happen in cleveland, chicago, and philli soon enough...

I don't have a job, I have been self employed for 3.5 years, with the last 6 months being a total collapse of the cell phone market and my business in this area.