Generally if you only have a handful of rentals and you are fulltime doing something else (a W-2 job), it'll just make sense to claim the standard mileage deduction - @David Orr did a good job outlining all the related nuance to that.  

This way, you can ensure the design choices match your vision.Defining design choices often involves working with a designer or architect, but if you're hands-on, you can select finishes and fixtures yourself.

The returns can be superior to the stock market, but will require more patience and hands- on effort.  

It could be quite lucrative and hands free as long as you have the right systems in place. 

Put your hand in see for yourself....and I've been saying "EasyExcel.

The most important thing is to know the details of your local program like the back of your hand, then look for loopholes.Just to give you and the other BP'ers a deeper handle on why some TDR programs work and some don't, I just uploaded an excellent study on the topic to my FilePlace at http://www.biggerpockets.com/files/user/ChrisNewma...

Let me know your thoughts and if anyone has first hand experience. 

On the other hand, investing in some repairs (if financially feasible) might significantly increase the property's market value.Remember, each property is unique, and what works for one might not work for another.

On the other hand, we also had three provide cash-out refinances. 

On the other hand, if you “just” break even for 30 years on your previous primary home with 5% down.