I have various toys (tomorrow taking one of the boats out with my son just to cruise around).

Master construction and due diligence to control value creation.

Scaling efficiently really comes down to balancing leverage with control.

Quote from @Tiffany Maloch: @john Clark From what I understand the grantor removes themself via contract from any control or benefit from the trust.

Resources like ValuePenguin and LendingTree can help you compare your operating costs across cities.No Rent Control: Rent control can limit your ability to raise rents, screen tenants, or evict non-performing tenants.

In a very strict process controlled by the IRS in Rev Proc 2000-37, the QI for your 1031 can take title to the land before you do. 

Interest rates are often controlled by politics, be it a president who wants to get reelected, a failed bank system like in previous recessions, housing policies in determining who gets loans, foreclosure holds, a lot of factors we as citizens have no control over. 

It's passive real estate and a little different then having all the control but a great way to gain a ton of knowledge while growing your portfolio.

NY is all about bequeathing property owners with all of the responsibility but none of the control. 

It can be a good balance between debt control and tax deferral.