I would just add that on top of interest, depreciation and repairs/maintenance there are many other things you can deduct, depending on your situation - things like home office, car/transportation expenses, travel, meals, books/education and many more.

There are people who travel who might not have traveled if they didn’t have the option,” of using Airbnb or similar online entities such as HomeAway, he said.Hoteliers are less than enthusiastic, concerned that short-term lodging services have morphed into a multimillion-dollar industry with few restrictions.

I was blessed to travel the U.S and meet many wealthy individuals from all walks of life.

Corporate travel or traveling nurses may be an option in that area.

Then travels with his wife a few times a year.

One benefit of self managed property is travel between properties. 

Hopefully by the time you do your first home, travel will begin again. 

I think one of the attractions to the TV guru's and that's what i call the 10 or so that do infomercials and huge budgets and travel the country.. like snap flip.. than.. 

Hey BP, I am a new investor from North Carolina and will be traveling to Detroit next week and am looking to meet with some locals to grab a drink or meal with and talk real estate.

Thanks everyone for the quick feedback and I would like to apologize for not keeping this post active as I had to travel overseas and just now getting back into things again. --  I have reached out to the PM and he has reduced the price to a more competitive rate but it still hasn't found suitable tenants.