A "C" class neighborhood with low rent may have higher turnover than a new area with top of market rents.You will always have Maintenance cost.  

Not having a specific criterion (ex asset class(SFH or small MF), A, B, C, D (neighborhood), "general area," turnkey or rehab) does haunt me.

A/B/C?

I've been looking around at properties in WPB but, they are in C and D neighborhoods like Rudy said.  

C.

The reason you have such crazy tenant laws is because the high demand...I'd much rather be dealing w this crazy government interference that generates WAY more media coverage than real impact to either side of tenant or landlord.....Than C class tenant...Trust me when I say I have got the best tenant experience in San Francisco, for 10 years....

There are A, B, C, & D neighborhoods everywhere.

I think this is where it's going to go b/c of the L train shutting down in 2019....

For me personally, anything above a 12% cap in a C+ or B- neighborhood is worth looking into further.

If it is a C-Corp then it would. you should be able to deduct your mileage since you own property there and claim the depreciation on the passive income property. but your best bet is to talk to a CPA that that deals with foreign trade and could better answer those questions