As someone else had mentioned, the prospect for appreciation should be a strong consideration. 

That is subjective though - I just advise my exchange clients to understand that number and understand their exposure.

@Andrew Slezak we're pretty aggressive about rent increases for our clients, but some of them won't approve us to pursue.So, don't automatically blame the PMC!

However, when I talk to new clients, they are not interested in these properties.

Again, NOT the way you handle client relationships.

Assuming you are both working and the rentals are long-term, rental losses up to $25,000 can offset W-2 income if your MAGI is under $150,000, with excess losses carried forward.This post does not create a CPA-Client relationship.

I strongly advise you to get your primary residence taken care of FIRST.

I was particularly drawn to this deal because of the strong growth potential in Bushwick, Brooklyn.

Hey Isaac, I have investor clients who have bought properties in Cleveland and Akron.

Instead, consider a HELOC or home equity loan to fund repairs, as the interest may be deductible if used for home improvements.This post does not create a CPA-Client relationship.