There may be tax implications to that maneuver, so check with a CPA.

Taxes : Taxes have been a brewing crisis nationwide for sometime, Chicago is another prime example of a major municipality struggling under high debt load.

We're right next to CA but get the benefits of no state income tax, 4th lowest property taxes, much more friendly landlord/tenant laws, no serious weather, proximity to Lake Tahoe, stable job growth/population growth, etc. 

Dig deep into tax strategy, tax efficiency, etc  Learn about estate planning. 

Additionally, most servicers will provide the tax documents needed at end of year (1099-INT, 1098-INT) and can also issue notices of NSF, late payments and support delinquency /default.

Property taxes are 2% instead of 1% for landlords as a general rule (some districts may  be slightly higher). 

You can take any proceeds tax free and roll into a different investment. 

For several reasons (property taxes, politics), I would prefer to begin real estate investing somewhere other than locally. 

So, when Trump changes to no tax on tips I feel inclined to change my rental income structure.50% reduction in rent.Previous 50% made up from a mandatory nontaxable tip. 

Assuming property taxes + insurance added don't go above $1,100 total, you could maybe make this work.