Developers have been picking up and I believe the median price for homes dipped a few thousand dollars for the first time in years (from $424,000 to $415,000). 

It depends on the class of the complex and how competent the management company is.

It's not worth the grief and the resulting errors.When you use tax software, you will simply pick up a type of asset from the drop-down list (for example "residential real property") - and the software will complete 4562 for you the right way, as well as carry it to all other connected forms.

Then you have to take the next class for several $1,000.

RTR, Engineering class of 1998. 

You need to pick couple of markets and focus on them and slowly expand your wings to other markets.

I know the cost will vary depending on the property Class type but I think it's important to factor in this cost since it's a consistent cost in the buy and hold portfolios.

It could have been that he meant to say "our units are not approved by Section 8", which would probably have been ok.People who receive any kind of public assistance (Sec. 8, TANF, SSI, AFDC, etc), are a protected class in Mass. 

We only do 2yr leases on our nicest A class homes. 

I know people who invest in the "hood" and kill it and others who invest in the higher middle class areas and see small returns but have tenants there for over a decade.