Ken, You're changing the subject to something neither of us ever discussed.The only thing you claimed was that having no-debt on a SFR property makes no sense, because of your theory that the government is going to be massively raising taxes on property owners to "oppressive" levels.

Brian also mentioned, him and Ron were renovating houses on a large scale and had been building a foundation for massive traction in the workforce and affordable housing market in the Mid Atlantic (my friend Brian is an active real estate investor and GSP’s lead project/property manager).

If you forget, you face massive fines.In a small partnership, you might be redoing this paperwork quite frequently. 

Issues with multiple national carriers leaving the state completely due to state regulations, massive loss ratios, huge increases in replacement cost values/limits due to inflation, etc. 

Taking action at 21 shows massive confidence and drive.

In my area, the inspectors are massively overloaded and often skip through a nice house quickly while telling me the last house they were in set them back 2 hours because there were so many violations.

I will throw this out there, but you do NOT need 40 doors to reach your financial targets (unless you're wanting a massive amount of monthly income). 

Google Operation Chokepoint for just ONE example of what banking regulators do with their massive power.

@Veronica Mitchell - A little bit of an open-ended question since Chicago is just so massive and has a ridiculous amount of mult-family properties. 

I am also a huge believer that with massive affordability issues in cities people will start to migrate to smaller towns that they can afford.