When the gain from an installment sale of depreciable real property consists of both unrecaptured Section 1250 gain (25%-rate gain) and adjusted net capital gain, the taxpayer recognizes 25%-rate gain as payments are received before recognizing any adjusted net capital gainThis “front-loaded” allocation method is consistent with IRC § 1(h)(3)So depending on the amount of down payment, all the recapture might happen in the first year. 

Now is not the time to be buying for quick gains but rather for long term holds with rents that cover your debt load and reduce your expenses. 

Energy analysts are actually attributing the bulk of the lost capacity to problems at natural gas power plants, which supply the base load.

However, you are going to need to make sure you can add the utilities on the land to accomidate the load. 

How are the other 2 partners going to feel about this and who pulls his weight when he needs time off or there is a maintenance call while on vacation.

Also, I am looking to make connections and meet loads of new people in the RE community to build relationships and learn from others. 

This dynamic is referenced as market compression, as the top level sees a decline the bottom sees an incline thanks to supply/demand cycle being over loaded with ever growing demand. 

You'd be free of this house and have a load off your shoulders.."

Then we are usually about 2.5-3 months on a "near gut" (moving a few non-load bearing walls, rewire, replumb, etc.). 

I have a triplex where the third floor needs an assement of loading capacity so I can legally convert the third floor into a dwelling unit.