> The amount of income you write off as losses is based on the rent you were _previously charging_. IOW I have no incentive to rent my unit at a lower cost if i

> The amount of income you write off as losses is based on the rent you were _previously charging_. IOW I have no incentive to rent my unit at a lower cost if it's basically acting as a tax shelter for my other properties. $1 in income is worth significantly more than $1 in tax deductions.