This would decrease you balloon balance to 280K. 

I would guess it will be 3:4 in 35 years and decrease .25% per mile, but maybe there is an 45% chance it will be 11:15. 

It doesn't sound bad, but it decreases it's value.

Competition is decreasing access and fighting for the top spots.

Plus your income figures were gross income figures not take home or disposal income which would be needed to compare to for what they can really afford.Because of the decrease of home prices what I am now seeing is that this could go either way now as far as rent VS buying.

Does it decrease the total amount of taxes owed?

But deadbeats landlords who choose deadbeat tenants only hurt themselves.Increased repair cost, decreased neighborhood appeal and property value, and the shear waste of time dealing with hassles.

I would not consitute the crime as increasing or employment as decreasing but probably relatively steady.not yet talked with tenants or property owners but have just begun due diligence.

Once a customer became involved my fun ( and profitability factors ) decreased significantly.

Honestly, I would rather have the loans on the rentals as well in an effort to decrease AGI and any deductions that are limited from there.