The determining factor for maximum benefit to you is whether the plan aligns with your situation and goals.   

In these kinds of deals, capital accounts have to be properly accounted for and need to have a partnership agreement with some specific clause if your other partner wants to benefit from the loss. 

Is there any benefit to installing a home security system for each unit?

What is new is that you may no longer benefit from itemizing like you used to, effectively killing this deduction.

Could you explain to me the basics of lease options and their benefits?

It's an unfounded claim and the benefits of an LLC are real but often greatly exaggerated.

Renters are screened by the government and lose their section 8 status if they tear up properties and they don't want to lose the benefit of the government paying most or all of their rent. 

There are benefits to both you and your tenant to have a fixed lease.

@Ed Adrian I would have to crunch the numbers to see the benefit.

I immediately reinvested a significant amount of profits back into marketing, and I am reaping the benefits as I am typing this.