Overtown where the hottest place to be anytime is the corner food shop and the bbq pit.

My wife quickly realized the power of Amazon/Prime, and now we get nearly EVERYTHING that way -- from toilet paper to dog food to light bulbs to soap to birthday presents and even some food.  

On the other hand, you *generally* have more turnover (families are less likely to stay in a MFH long term, singles turn into couples and need more space, couples turn into families and need more space), and tenant disagreements/noise/he's stomping around up there/playing loud music/cooking stinky food complaints are more common. 

I have kept both the hard copy as well as the soft copy and the best part is I have it all in the cloud based platform where in there is no risk of data loss.

That's hilarious - but definitely food for thought.  

Heres some food for thought...

In addition, the city has a great beer/food/art scene that is redefining the culture and keeping folks interested in renovating and living in the once-neglected historic districts around town. 

Also because they have run the facility so poorly (not very strict on collecting rent on time, not keeping good books and records, no written leases on a few tenants) and because they have been showing losses on taxes, they know it is hard for someone to get bank financing if the buyer can't service the entire payment from their own personal income. 

Unless you see some serious appreciation in that area within the next few quarters; If you are at a loss then you might want to walk away.

And you don't get to subtract the principal payments at all.If your AGI is under $100K (I'm guessing its not, if your total marginal rate is 46.7%) you can use a passive loss against other income, up to $25K.