^^^Yes, if the numbers work at all right now, then imagine how it'll look when you ReFi.....Plus your competition is all sitting around too scared to jump in. Take

Properly executed, an investment in these types of property can garner substantial passive losses, often equal to the amount of capital invested (or more) even in years where the benefit begins to sunset.A few words of caution: - Be careful not to let the "tax tail" wag the dog.

@Eric P.To add to the good answers from Avery, Lucas, and the others...The market has seen SUBSTANTIAL appreciation and many non-investors are also now looking to take that $$ and run.

Someone mentioned earlier that UDFI taxes were not substantial. 

Those reasons are:Owner decides to demolish the property, convert the use to non-residential, or convert to a STRDecide to make substantial repairs or renovations.

I plan to manage the bookings and do cleaning in between clients, so I will meet the "substantially all" materially participation requirement.

@Ana BejarIt appears you have a substantial portfolio, well done.

Lastly, grouping properties in 1 LLC can potentially have unfavorable tax consequences when not selling  “substantially all” of the activity (ie selling only 1 SFH of 10). 

I too though they would come down but it seems because of the low supply of homes that may not happen (at-least any substantial correction).

At the same time it's currently functioning with no sign of substantial compromise to the cast iron pipe beside the age.