The main negatives are UDFI (unrelated debt financing income), but that applies when there’s income. 

Some of the negative reviews I've read on Norada (not necessarily on BP) seem to stem from not understanding Norada's responsibility in helping you meet your investment goals, nor in yours once the purchase contract is complete.

If you're negative and looking at potential deferred maintenance I'd sale it and enjoy the memories. 

I agree with what @Jaycee Greene said, having local connections accelerates all aspects of out of state investing.

I wasn’t really considering the appreciation/depreciation aspect at all.  

I know the sentiment on this thread has been negative.

What aspects of leasing are you referring to exactly?

You might be referring to income / expenses that are reflected by cash.Cash you receive from rentsExpenses that you pay out such as insurance, interest, taxes, etc.You may not have included depreciation expense which would bring your taxable income down further.It may be possible that the negative taxable income would bring your taxable income down.

I don't mean to be negative, but would like to be realistic.

Any insights from your experience, whether positive or negative, would be greatly appreciated.The attached link explains the current situation with the Detroit Housing Commission (DHC), highlighting that they are severely understaffed and have limited communication with both tenants and landlords.