@Tom D.We have taken over a substantial number of these properties.

In fact, I see the housing market in the metro picking up substantially. 

They city required that I replace the best sidewalks in the neighborhood under the program and the cost was substantially higher than estimates I obtained on my own. 

This sounds like a great strategy to me since this would substantially lower my down payment in a deal.

Rent in many markets have dropped substantially and new renter may not go for that amount at all.Having said that, in markets where section 8 is king, you may see a higher FMR (Fair market rent) with section 8 than most.

These markets tend to have higher appreciation potential but are often cash flow negative unless you make substantial down payments.

We'll eek out a 10% cash on cash but will convert a half bath to a full bath to increase the value substantially.

Since 1031 is tax deferral, I assume the gain is calculated with the likely substantially lower basis from the pre 1031 property acquisition + additional cost over the years.And yes, recapture all depreciation ( on both prop before and after 1031) make sense.

I called them and found out that the miles needed for a Christmas trip I booked for my son and his wife went down (pretty substantially I might add) and Delta auto adjusted my miles.

They may or may not have good reasons and unless they communicate those reasons and perhaps even substantiate them I really try not to give them any weight.