Additionally, higher property taxes can sometimes correlate with better city services and amenities, which can be attractive to tenants.Cash Flow: While property prices may be higher in Philadelphia, rental demand is generally strong, especially in desirable neighborhoods.

You could then utilize bonus depreciation for the equipment to increase your deductions which would help offset the capital gains.Both strategies can be complex, so always be sure to discuss these with your tax professional.Have you utilized either of these strategies?

It increases your income and protects you from the risk.

There has been under construction in this space since GFC in 2008-09, so now big lack of supply, and we have multiple offers on spaces and able to increase rental rates 10-11% on new leases, plus we write in CPI step-ups to hedge inflation. 

In a market where it is increasingly difficult to buy real estate, where expenses are going up, and rents are trending flat or downward, what drives you to keep investing in income properties?

Personally, if I had the chance to do it again I would put down more money to knock off private mortgage insurance and increase my cash flow.

.: I am focused on increasing my earnings and savings.

I was able to increase my monthly income rate of $1800 to $2300.

Any suggestions on attractive durable bathmats?

However, this comes with the caveat that you and your husband are prepared to cover any potential increases in mortgage payments after the renewal, especially if the new rate is significantly higher than the current 3.5%, which I ignore since I am not versed in the mortgage system in Canada (although it does sound a bit like an adjustable rate mortgage from what you described).Before making a decision, I recommend speaking with a financial advisor or a mortgage broker to explore your refinancing options and get a sense of what rates you might be looking at come June.