I did this because I felt that on average, I was likely to see the historical ~11% returns that market indexes return.  

It was in a historic neighborhood but the house was funky and had foundational issues, mold and obviously a roach infestation.

.*  If you've historically had more passive losses than passive income, then you weren't able to deduct the excess losses against your ordinary income, and your losses were "suspended" until you have enough passive income to be offset by them or until you dispose of that property, in which case the suspended losses are released.  

Downtown/historic area has many beautiful homes and multifamily properties - but it's a little trickier finding a really good property (i.e. that doesn't need a ton of work and is in a safe area).  

Beth has several SCAD rentals  in the historic district, which she self-manages.Thanks for the vote, Kevin!

The 30 year amortization provides you the cash flow and allows you to lock in historic low interest rates for the next 30 years.

Well @Derek Antonissen, historically, it has been the absentee owner's list.

logically, the folks in this business that have historically made tons of money doing it are not interested in change.   

One thing to look for is an area where the market is depressed currently, but historically the area sees appreciation (like california, 2008-2013).Look, there are articles out there with EDUCATED guesses.

Anyone investing in historic College Park near Woodward Academy?