Income Tax on out of state rental

[Zac Johns]

I live in TN and have several rental houses in TN.   I have stayed out of Georgia, but we live right on the TN/GA line.  We have found what we think is a great deal just over the border.   I'm trying to research the pros/cons of buying in Georgia while living out of state, specifically what the income tax on rent looks like.  Does anyone have any input or direction on where I can find more information? 

[Michael Plaks]

@Zac Johns

A general law of investing is: when you see a great deal - buy it. Think about taxes later.

Georgia will only tax you on the net rental income - i.e. whatever is left after all deductions, including depreciation. This is possibly zero. And if not zero - then not much to worry about.

If you really want details - ask @Ashish Acharya, a superb CPA from GA.