I remember when everybody was wanting to get in to Fountain Square (SE of downtown) and many real estate professionals didn't know why.

If they don't need the money per se, then it's a win/win for everyone if they do it. 

@Will Johnston I have a few 1 bedroom units in DC and I have laundry in all of them, Are you in SE DC or in NE on the other side of the Anacostia?

Like someone for the NW side and someone for the SE side.

I've been doing a lot of reading and researching on this but wanted to ask for help directly as well.I'm located in the Galveston Bay Area/SE Houston; my husband and I own 2 rental properties and are closing on #3 this coming week.

He who has the gold makes the rules, and the banks and insurance companies have all of the gold...If Daniel followed your advice he would not be breaking law - per se, but he would be violating a couple of clauses which opens him and his partners up to liability. 

Lots of new construction in SE Puyallup. 

Just to the south is SE Military which has lots of newish shopping and restaurants. 

@Kenny RainsYou may want to look at the publication below.https://www.irs.gov/businesses/small-businesses-se...You and your wife(joint owners of an LLC) may elect to report your income on your personal return instead of filing a partnership return.Let me know if you have any questions.

First thank you all for the comments.I have owned a few 2-3 families in the north east and the numbers are pretty close to actuals (3-4 years of actual expenses).All of the se properties are in lower income neighborhood (that may make a difference).I cannot see having 50% of gross rent expense + 10% vacancy, Or maybe for much nice/prime location.