You can combine PY carryover loss and CY loss to offset the passive income if you have enough passive income. 

The mortgage payments for both the rental and the house you live in, are combined into one...the refi from the rental house. 

He got married and we were very strategic that we keep each rental property owned individually so they can each have 10 which would be 20 combined. 

I had a prospective tenant go through their screening process the day before all of this crap and now I can't even log in to see her results.

Agree that the search capabilities of BP are pretty crap, can't find much of anything even when I know for sure it exists, like I just read it yesterday and want to find it again.   

They will also be able to combine several types of lists so you have a good mix to mail or call.

Combine that with a hefty LIRR fee, and lack of commuter parking, and you get congetion issues which force owners to sell in Li and buy elsewhere, further away in the island, somewhere by riverhead or outright not in the island.Rents are high, which is a good thing, but I am not sure if it would be wise to throw a huge portion of the rental income on property tax, when it could go into your home.

@Trent Lee I look for cities that have the best combination of cash flow and good economic/demographic trends.

Crap holes are harder to rent.

Starting a new job in the next two weeks that will start me at roughly $40k (current job *2 jobs* combined makes about 34,500 py).