They require a lot of work and attention.  

Capital gain is nothing like the cities though.

Of course the listed price may not be the actual rented price, but by tracking several listings for a while you can gain a better understanding of the market.

You can sometimes gain a lot of info from those calls.

Upon sale, gains are taxed as long-term capital gains, calculated as the sale proceeds minus your adjusted basis (initial investment reduced by any return of capital).

China manipulates there currency and the situation to gain from such trade imbalance.

Yes - having a small trash can in each room is a nice touch—it shows attention to detail and makes your guests' stay more convenient.

It's low risk and tax free on the gain.

The income isn't covering the costs (maintenance, capex) and you've only gained 15% appreciation in the three strongest years we've seen in a long time.

This allows you to invest in another property while maintaining the asset.Alternatively, a 1031 exchange lets you defer capital gains taxes by reinvesting in higher-yielding or diversified properties. 1031 has limitations.