(shrug) :) Define greater Houston area-- if its Harris County you're still paying 2% in prop tax(it's come down for 2023 with the new reform), but you're going to get killed in HOI.

Tax reform removed that, so these expenses are not deductible. 

Let's see what the future holds for tax reform.

From 2018 forward - out of luck, as the tax reform eliminated this deduction.You cannot take any deduction for the HELOC against your rental, since it was not used for business purposes.Sorry to be the messenger of the bad news.

I just don't understand why LA city council is choosing to institute reform in the opposite direction of what would actually provide significant benefit via less building restriction.

But the financial reform following the real estate meltdown, namely the Dodd Frank Act, has subjected most financial services companies to regulation.

There does need to be some education reform, but not sure that this would be the way to do it. 

Any proposed changes on the horizon that may affect landlords in the near or longer-term, i.e. property tax reform, civic measures, building projects etc.Thanks!

I've solely invested in TX for the last 12 years and closed my CA LLC and reformed in a business friendly state many years ago.  

To my knowledge UBIT tax rates were not affected by the new tax reform.