They do all maintenance & repairs, I get the tax write offs and the property is still in my name until they exercise the Option 

However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law.If Lender exercises this option, Lender shall give Borrower notice of acceleration.

This is important when exercising your exit strategy.

There are protests for about everything else; maybe it's time for landlords to exercise our constitutional rights to due process of law ?!   

A little confusing to unravel and each tentacle fights you when you get too close.Is an Option fee on a single family residence that the optionee will live in but not own until the option is exercised, Earned Income or Unearned Income for tax purposes?

Upside to raise rents to $2,500/unit in Year 1 (but I'm trying to be conservative in my numbers for this exercise).

Provided that the landlord has not exercised, or is not in the process of exercising, any of on 5-12-130 (a) — (h) hereof, the landlord shall notify the tenant in writing at least thirty (30) days prior to the stated termination date of the rental agreement of the landlord’s intent either to terminate a month to month tenancy or not to renew an existing rental agreement.

So most importantly take care of yourself, there will come a time when you need to be performing at your best, sleep, eat well and exercise.

The amenities may be basic but the service should be class-A.have a worldview that is empathetic to poor people- ie they don't believe that poor people are poor because they make bad life choices; actually RESPECT THEIR (D-neighborhood) TENANTSdoesn't have the unrealistic expectation that low credit score tenants will respond to incentives designed for tenants with a credit score to protect and sets payment policies to promote desired tenant payment behaviors for low credit score tenantsprefers to achieve goals by eliciting cooperation instead of the exercise of power;communicates clearly and directly (even on 'awkward' topics like money and complaints about 'peculiarities')likes to solve problemsHaving said all that, I would still recommend B neighborhoods if you can afford it because of appreciation (and as @Erik Whiting said, exit strategy) .

If you don't have profit, depreciating assets is just a math exercise with no tangible benefit.It is worth pointing out that the very best depreciable asset is real estate itself.