You have to do the research on the property itself to make sure it makes sense and is a good investment strategy first.

Sticking with Akron or expanding to Cleveland makes sense, especially if you can leverage the same property management.

When you’re investing with leverage, I think it makes more sense to do it in a market that’s showing plenty of signs for growth.

@Chris Mahoo, rule one of investing: if the investment only makes sense because of the "tax advantages" it is NOT a good investment.  

I tend to agree, in this uncertain investing environment it makes sense, it just feels weird to have that much cash not working for me. 

As an engineer the formula makes sense to me!

@Troy Gandee Makes sense.

This would reduce my monthly expense to $3,568, saving $144/month.Questions for the Community:Which of these options do you think makes the most sense for a long-term rental in NYC?

Dennis' dad and I actually tripped over something similar back in Chandler.. we learned to tap into city planning websites and even call the permit offices directly to get a real sense of their backlogs.

This is prime real estate, and is just about the last piece of land in this area.I have begun to develop a commercial property that I own with contractor garages, which is the extent of my experience in this space.I'm trying to get a sense of how to structure something like this, with using LP's, and also partnering with a builder, and carving something out in that regard.Does anyone have recommendations on who is currently working in this space and could provide some insight?