Some blocks are well maintained and safe, and others are, shall we say....not so nice!  

Philippe- In terms of large assets I would venture to guess the "future buyers" of a resale would be able to uncover the end of a PILOT program in their due diligence period.

Generally people with zero rental history could be real, or they are hiding something, often social media will help to uncover those things. 

Its so nice to see someone who is actually doing it chime in and add value to the discussion.

So in year 1 I personally have 6 properties, all at the 75%-80% LTV level (so nice amount of equity in each), lower monthly payments and cash flowing no problem with some reserve with each property.

Removing the "real estate loopholes" is one of his stated high priorities, so nice to know we are on his crap list, haha.

You may uncover some repairs that you weren't aware of prior to purchasing, non-performing contractors, etc. 

So, nice try, but keep adding to the engagement that literally no one, including me, cares about.

It is so nice to know that I am not the only Engineer that is attracted to this field.

I'm reading (or, in this case, listening) to "Never Split The Difference" by Chris Voss, one of the things he says is that in any negotiation is the "Black Swan" the uncovered reason for the action.