Here are some steps you can take to connect with other investors and learn from their experiences:Join Local Real Estate meetings: Search Ohio and Upstate New York for real estate investing clubs, meetings, or networking events.

New York, for example, just arrested a woman for changing the locks on a squatter in the $1 million home she inherited.

Also, I'm particularly interested in how to make this happen in New York City.Oh, and here's the kicker: I've got a little one on the way, so I really want to ensure my investments are solidly protected.

Will they be restoring 24/7 water anytime soon?

.- Currently renting an apartment in New York, but planning to relocate to Massachusetts with my wife.- Eyeing areas like Worcester, Shrewsbury, Grafton, and Millbury for a single-family house, priced around $500K, with a planned $100K down payment.

I restore old muscle cars. 

Restoration kept historically accurate items.Next the tenant said that the tub stank so much that they can not use it. 

I am in New York as well.

Several factors can increase or decrease the adjusted basis, says McGuff.Increases in adjusted basis can result from:The cost of additions and improvements to the houseMoney spent to restore the property after damages or lossLegal fees incurred in relation to the propertyDecreases in adjusted basis can result from:Receipt of insurance payments due to a casualty loss or theftTax credits for home energy improvementsIf you sold your primary home last year, there’s little you can do to avoid capital gains tax liability when you file taxes this April, Liddiard says.

Just ask the landlords getting killed in New York City.Real estate is a tax play.