First read all of the posts above and summarize what your take aways were.  

To summarize from his comment, there is often significant judgment required on many issues and it will involve different professionals such as attorneys and accountants, and perhaps many others, so you'll often need to work as a team. 

Let me first provide you with an accurate and honest one-liner to summarize what to expect if you decide to work with WealthAbility followed by a detailed account of my own personal experience with the company.

My friend Keith summarized it this way:Appreciation.

@Vinay Sanapala, I am going to sort of summarize a lot of what others said.I had a small portfolio of about 6 section 8 properties at once.  

Even if it is used to purchase the property via an entity, the loan is effectively connected to the property and directly deductible against the income.To summarize what I'm saying is it doesn't have to be taken as a deduction on the 4952.

Everything they leaned through trial and error and expensive mistakes  summarized on 200 pages! 

To summarize, Dominion had: neglected to take the correct amount for principal, adjusted the error, taken additional money to correct mistakes in withdrawing, then returned that extra money to an account no longer in use and without notification.

So in summar,y no, I don't think you're at a disadvantage investing in LA or SF or NY, you just make money in a different way, and it's for you to decide if that's ow you want to make your money. 

These two paragraphs by Politico's Natasha Korecki does the best job of summarizing Chicago's school problem than I've ever read.