@Mitch MesserJust got my property tax assessments and they've been rising.

These areas still have a great rental demand and not overbuilt.Areas like Northern Liberties, fishtown, point breeze have a lot of options, but also a lot of struggling landlords as there is a great number of new construction high rises creating a lot of supply in the nearby market.

I can think of one time when I was about 12 years old, standing in my childhood bedroom, with the light flicking on in the middle of the night and a dramatic temperature change.

MY LTR's are mid-tier for their market and have minimal cash flow at the moment so it all gets eaten up by  repairs and manager fee, my goal with these is mainly long-term appreciation and eventual cashflow as rents rise. 

Houston – High rental demand, and with its diverse economy, there are strong opportunities in growing areas to balance those rising property prices.2.

Even with rising prices due to inflation.

>San Jose’s growth slowed to 2.7%, with a possible rise to 4.5% by 2025.

Good lesson on what not to do in rising interest rate environment.Thanks @Kevin Hoover for the detailed response. 

The second piece is whether or not you pass the Material Participation Tests found in IRC 469 and the third piece is whether your participation rises to the level of Substantial Services (think hotel, B&B).4) My CPA Says I can't deduct a loss that was generated! 

@Jeff Fortuna@Dan Rowley   @John McKee - I'm receiving roughly 7% CoC returns for my two investments, with projections those will rise in future as they are able to realize contractual rent increases.