After all, it took 15 years to build that entertainment complex American Dream in the Meadowlands in New Jersey, because it was slowed down by the recession.Also, Poconos Manor burnt down recently and that was supposed to be part of the Poconos Springs complex, so that complicates things and slows it down as well.Personally I prefer investing in the Southern US (way higher year-round occupancy rates & way more money to be made) but if you’re really intent on buying a property in the northeast, remember that the 30 million people in the nyc area tend to vacation more in the catskills, hudson valley, berkshires, adirondacks & green mtns (vermont) more than the poconos.

I understand there is a 5 year carry over on this so if i realize any gains those gains will be taxed at ordinary rates as opposed to preferred rate. 

If they are generally living clean, I would send an exterminator one time and tell the tenants they are responsible for mice control from this point forward.Seriously consider adding a clause to your lease that says tenants are responsible for ordinary pest control (mice, sugar ants, flys, etc.)

This political game of chicken is not new to the world stage but as global financial stability is in a precarious position, a prolonged standoff could have significant consequences for the American consumer and investor. 

Your total net income from properties sold in a given year is your taxable income which is typically taxed at your ordinary tax rate.#1 Project RevenueRevenue for flipping is easy to track because it is generally just one entry for the resale value of the property.#2 Project ExpensesExpenses get a bit more complicated because you will likely have a 100+ transactions for purchasing materials, paying contractors, & paying utility bills.For Expenses I track:Track Expenses by Vendor - Helpful for filing Vendor 1099s at the end of the yearTrack Expenses by Category (Purchase, Buying Costs, Holding Costs, Selling Costs, Financing Costs, Repairs (roofing, siding, painting, etc.) - Helpful for tracking actual expenses against my budget.

American West Realty (Agent) is acting on behalf of the Owner."

The landlord may withhold from the deposit only amounts reasonably necessary:(1) to remedy tenant defaults in the payment of rent or of other funds due to the landlord pursuant to an agreement; or(2) to restore the premises to their condition at the commencement of the tenancy, ordinary wear and tear excepted.

I have used foremost and American modern, allstate and State Farm.State Farm requires a valid lease in place to insure.

I am using American Realty for the PM side.

A service animal is governed by the ADA (American Disabilities Act) and they are trained to do a specific task.