There are exceptions to this rule, but there are an abundance of examples that had investors not been prepared to perform might still be shopping..- Voice of reason: The 'best' real estate professionals are apparently the most honest.

Hi BiggerPockets fam, I'll keep this post pretty simple. 

If you use this setup you will be turning passive rental income into active income which means you will pay higher taxes. 

This is allowed in CT.When Do Landlords Have To Return Security Deposits?

That tax advisor should be able to answer this better for you based on your current tax situation.

This requires $5,000 per month.

This is causing a huge influx of people moving here for jobs.

I visited Fort Wayne this past weekend to research the neighborhoods and get a feel for the market.

@William StromGenerally speaking condos can have higher HOA fees compared to Single Family Homes, so this can sometimes translate to less appreciation, but that can also mean a lower purchase price, so you can sometimes get better cash flow on a condo.

Lots of possibilities and that's what I love about this business.