Values are still increasing and it should be worth more next year than now. 

However, even spending $10-20/unit adds up for each tenant as you increase your portfolio. 

Irrespective, don't go over what YOU determine you need to pay for a property, I've seen people increase their purchase price more and more just to be competitive and get the deal, but then they end up eating into their profits and barely make money when they go to sell.Anyways, I hope everyone in Chicago is staying warm today..! 

I am currently in the process of filing my 2015 tax return (extension) where I can remove those expenses to increase that year's self-employment income, but that income would be taxed at the 28% bracket so not sure if it's worth it. 

I've just started this year and am finding the MLS increasingly difficult to find anything that pencils out for a long term rental.

One of my keyword searches, which is one of the tools I most value on BP, attracts a member who's thoughts and insights I prefer not know as they are long winded, consistently negative and many times incoherent.

The plan is to increase to market after 6 months.  

If they're 10 year tenants, you might have an opportunity to increase rents as well! 

We had our second home rented out before the closing.At this point and after reading numerous books on real estate, I realized that although we had reached our goal of owning a rental, our finances were completely vertical and I need to spread out to increase cash flow and reduce the impact of a vacant property.In January 2016, I started data basing different markets across the USA.

We have discussed Airbnb but not have researched it extensively in regards to where that's working besides the attractions here.