In addition I have 3 of the best off shore providers in my camp as well.So there you go no mystery to this.. and other than the big cash out when folks bought the properties the business is really quite simple.. buy a bombed out foreclosure that an investor walked away from because PM was cruddy.

There is no mystery here.

No jobs to lose, different sources of income than working W2 for many.When the interest rates exceed the Cap Rates, some real estate investing will stop.When people lose portfolios to the lenders, some real estate investing will stop.When the cash in the economy mysteriously drys up (people have none of it when needed for basics for life), some real estate investing will stop. 

There really isn't any big mystery about it.

Mike Im kind of out of my league here on advice as I am in sunny S calif and you are in Jersey.I would consult with the local water provider and a local father and son plumbing shop for the meter splits.Remenber get the best possible insulation to avoid burst water mains in the winter time.Steam heat is a mystery to me as we simply dont need it here in Los Angeles.We crank up gas wall heaters a couple months in the wintertime aside from that,,,,thats about it.Again seek competant local help.I reccomend smaill family business with good reputations cant go wrongDD

. :) Kevin, I posted a nice and more detailed response for you here but what do you know, it mysteriously disappeared. 

No mystery to it.

thats a mystery to me.

I did and received a response asking me to fill out two forms, IRS Form 4506-T and mystery form 3502.I sent form 4506-T but their link for form 3502 did not work. 

It was money for me and mystery of renovation costs.