This is important because experience has taught me Partners often have a "Honeymoon" stage that can quickly fade where each partner wants to strike out on his/her own and when the property is sold, each partner directs the Title Company to cut individual checks to individual names.

@Eric McQuistion New York income taxes seem to top out at 8ish percent (and I doubt I’d be getting anywhere within striking distance of that bracket with rental income).

Which strikes me as a good place to be.

In the meantime begin with some small wins, get some flow, then strike 

must be nice ..must be great to have plenty of extra money that he can afford to just hand out gift cards to everybody like nothing .guess im going to Wally World to get a few packs of smokes now .So you're saying is that when you give a tenant a gift, you're going to piss them off so much, they're all going to go on a rent strike and burn your building down then sue you?

If the thought of walking around the neighborhood at dusk strikes you as preposterous, you should not invest there. 

My advice would be to read Wheelbarrow Profits and if it strikes a cord with you, make that investment.

If I were you, I’d listen to every BP podcast along with every other one that strikes your interest.

A couple of properly placed strikes can leave someone knocked out or incapacitated.

How many Uber wealthy young adults that were born into money have you heard about with drug problems, depression, etc...If you can strike a balance between, time, work, family, and have a fulfilling life... you have found freedom, peace and happiness.