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Updated over 3 years ago,
MOST FAVORABLE STATES FOR LANDLORDS
Good morning BP -
I was thinking about creating a checklist of sorts to figure out which states or municipalities or most favorable for land-lording. (perhaps a similar thread exists) Things like, are the laws skewed towards landlords, or renters? Does the state allow an equity line of credit on rental property? Some states have property taxes in lieu of state income taxes, some states have state income taxes in lieu of property taxes - which states have the lowest property taxes, and will thus, hypothetically, cash-flow better? (since you don't have to bake the higher property taxes in)..
Has there been a similar conversation elsewhere on BP?
What other factors are worth considering in the equation?