Steve,I'm from the Binghamton area, near Binghamton University.  

After talking to the applicants we found out that they own a pit bull Which happens to be a registered emotional support companion.

First see https://www.taxslayer.com/support/475and the supporting dochttps://www.irs.gov/pub/irs-pdf/p530.pdf

It's amazing how much support and knowledge you get here for nothing. 

I have a lot of support and the properties are 100% occupied without extensive repairs needed.

When I turn 50 years old, I won't be working so hard to support a massive divorce loan, underwater house, and vacations.

Take your list in and have them run it through their "quote support system" QSP.  

"The steady improvement in [home] sales will support price appreciation...

Here is my pros/cons list:Pros: High ROI (12-15% cap rate), high demand for housing, low unemployment, depreciated/buyers market Cons: Buildings are typically over 100+ years old, lower income tenants, newer apartment projects beginning near Nebraska University, not great outlook for properties to appreciate in value-Will maintenance be an absolute nightmare?  

Things like fungus damage of the subfloor, support posts in the crawlspace in soil contact, hairline cracks, and (scariest to me) no foundation on a portion of the structure though majority is pier and block.