Brokers will never send their 'fresh' stuff to someone unless they know they're an active buyer in that market. 

@Stefanos Axios I haven't been in the market for nearly as long as @Anthony Thompson or @Frank Patalano but we have been very active the last three years and from all the historical and current data we've seen, it's not a good time to get in unless you've somehow stumbled onto a screaming deal. 

I think there's pros and cons to both, but to be clear in other scenario I want to lead or be actively involved in finding and managing the deal so I can begin to build up that muscle.

As sch C income is "active" trade or business income and falls into a separate bucket, you would not generally be able to offset sch C income with your Sch E losses.The passive actively loss rules generally do not apply to real estate professionals.

I used to study architecture but I found out I like the role of developer more in the entire real estate/construction process.

FYI, Bushwick, Brooklyn NY is a very active rental market with increasing diversity of population ethnically and socioeconomically

You have Repairs listed at 20% so if you are essentially saying vacancy and repairs are 10% each that is fine.If you're getting $1,300/mo on a place you're paying $50,000 for that is good......UNLESS it's in a D or F Neighborhood, in which case the cashflow can look great, but in reality be horrible because of constant tenant turnover and unreliable tenant activities. 

@Mathew Wray is very active on BP and always provides sound advice and quick responses!

Bigger Pockets has state specific forums and the New York forum is very active. 

Same for suspected criminal activity.