There are A, B, C, & D neighborhoods everywhere.

I think this is where it's going to go b/c of the L train shutting down in 2019....

For me personally, anything above a 12% cap in a C+ or B- neighborhood is worth looking into further.

If it is a C-Corp then it would. you should be able to deduct your mileage since you own property there and claim the depreciation on the passive income property. but your best bet is to talk to a CPA that that deals with foreign trade and could better answer those questions 

Inga C. - I'm not a CPA but this is my understanding:- If you own the house on the deed and you didn't establish primary residency for 2 years for yourself personally, you cannot sell and claim any 250k IRS capital gains tax deductions on your tax return.

Brendon C. 

There isn't any evidence to back this up so disregarding that he's an attorney, I feel there should be more on the table vs. a "maybe the cfurrent owner will get an attorney involved and come after you b/c the City MAY have not followed protocol.".

@Bernadeau C. it's unfortunate that the website has gone to that, but it truly is an amazing book.

@Jim Carson, I'm in the process of rearranging my corporate structure as well.My local Indy corporate attorney advised against using the series LLC option since it's brand new to our State and there is no precedent yet with them to see if they stand up in court as expected.For me, this is the way I'm leaning:Convert my S Corp to a C Corp as the holding or management company, then use LLC or Land Trust for each property or set of properties that is then all held by my Living Trust.As far as the comment above about having your CPA setup your LLC structure - I've always been a firm believer of paying the right professional for the job...I'll gladly pay more now to the attorney to setup my LLC vs. saving a few bucks to have my CPA [bean counter] do it [unless the CPA is also a real estate attorney] - just my two cents...

@Brian C.