Under new tax law you can only write off your first 500k in interest on the mortgage anyways as of right now.

When markets finally go down ( everyone can look at indicators but nobody has a crystal ball ) then investors can accelerate buying at the bottom.In commercial real estate Trumpenomics with his latest tax laws through 2022 is juicing the economy for more years past then a typical 8 to 10 year cycle period.

Anthony,The Condo documents (Association Bylaws) and your state laws/regs. will determine what parts of the building you own as the unit owner. 

No offense, but this is why CPAs feed my law practice...You can file a general partnership (GP) or not.  

Is it state law that water and sewer be paid by the owner? 

The final payment should be close to 10% and should only be paid upon final satisfactory completion of EVERYTHING even touchups.In some areas this is actually law.

I would go to either Reimer Law or Sottile &  Barile.  

The laws depend very much on your state.

If the home is in California, RE law requires that the possum be given 90 days notice to evict. 

I have a couple brothers who live in the Watertown area, but they work in law enforcement and don't invest.