It even gave me a few things (business structure, which state to incorporate, etc) that I now want to research further here on BP.

I'll try to incorporate that.My personal interest is much more in the buy and hold realm.

Even further north is Rio Rancho, a city unto its own that incorporated in 1981 but still has many structural/governmental ties to Abq. 

You'll have to consider the partnership agreement, articles of incorporation, process service, etc.

I will be incorporating this into my leases. 

Now I am aware and we can move on, but seeing as this is the internet and first impressions are so strong my best bet at getting any further advice would probably be to go back to the drawing board, incorporate what I've learned and rephrase my questions. 

First, since mortgage interest and property taxes now have limited deductibility, would it make more sense to incorporate, even in a pass thru, to retain that deductibility? 

Buying in the hope of selling after doing some renovations is playing the musical chairs game, at some point the music will stop.

I about fell out of my chair laughing when I read that one..

A good place to inquire would be the local government program manager (usually in Planning) for TDR.Now, you need to incorporate all this TDR information into the local market values.