Since real estate is covered by state and local laws, it’s up to state courts to rule on this position.

Ideally these properties will have positive cash flow + buy and hold potential (probably goes without saying). 

You also get an additional benefit of depreciating the improvement/house over 27.5 years.

The Beltline does add some promise to the area and is currently under construction, but without additional supportive infrastructure, those markets aren't going to change drastically in the short term.

Participation in actively managing the property, in addition to other factors, changes whether or not losses from a rental (losses that may include bonus depreciation) can be used to offset non-passive income (W-2, 1099, etc). ...

Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio.

Additionally, central HVAC systems typically require less maintenance and provide more consistent cooling throughout the property.

They haven't missed any payments last three months and requested to add additional roomates so that they can be on top of their paymentsI personally think 7 roomates in a 3bed 1ba is little too much for the apartment that also has a shared laundry with another apartment,not to forget the wear and tear with so many people.Should I continue with them if they are keeping the place generally in condition or ask them to find another place within next couple couple of months or so.Interested to hear thoughts from other experienced members here.Appreciate your inputs.Thanks

Note all investments, including real estate, carry the risk of loss in addition to possibility of gain. 

I can definitely tell you there's still a lot of positive cash flowing and 1% rule deals and you get amazing appreciation.