Really dig in on ways to increase your rental revenue and decrease your expenses. 

Another BTW, the state of NY determined in 1947 that a temporary housing crisis existed in NYC.  

You've got conventions, state fair, chili fest, Southern Colorado hub,  and of course temporary work.

Do I have them put down the same amount or decreased amount since it is so far in the future?

Is the payoff on decreased maintenance/standardization of units worth the upfront cost.

But as you can now guess, I'm not a big fan of trial period special rates, offered just to get you to jump from a low FIXED rate, to an even lower TEMPORARY rate!

It's easy to say you'll raise rents to market rate but pulling that off can be difficult in softer markets with supply/demand dynamics without causing temporary vacancies, which leads to new TI's and other lease incentives to refill the space.I'm sure you have an investment strategy for the replacement property, and that should include which markets you are looking to reinvest in.

Now, property values have dropped—almost to the point where the capital gain tax I avoided through the exchange is offset by the decreased value.Has anyone found an effective 1031 exchange strategy that allows you to take advantage of the tax benefits while still buying the replacement property at a good price?"

in Florida I know of several renewals in the last 60 days that came in with a decrease in the premium with as much as 20%.

If you like your gig and making money from it.Real Estate is first purchased as an investment.Any potential tax decrease is a plus.Comparing real estate with other investment types such as stocks / bonds, real estate will likely get you the best after tax return.