NY can work but watch for high taxes and regulations.For $10K–$35K properties, expect heavy rehab and limited financing options.

I've been buried with tax preparation and a couple projects, so BP moved from the back burner to completely off the stove!

This would end up getting you some tax benefits and extra cash flow that could help you leverage that into another property...maybe a 1031 exchange.

Both allow you to avoid touching retirement funds while leveraging the value of your properties.

With that being said we tend to see a lot of CA buyers relocate here for the lower cost of living including lower home values, property taxes, insurance, no state income tax, gas prices etc.

My mistake for not inspecting the property beforehand. Paid 12800.based on google mapsThe property is a mess. Need to clean the junk out of house .. hoarder . Bathroom and kitchen need redone. Large tree in back is de...

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

I have a followup question - I will realize a lot of capital gain from this home in Idaho, so I think unless I purchase a new primary residence I will have to pay that capital gains tax. 

If you live in it for two years, you should be able to sell tax free up to 250k if you're single.

Avoiding the ravages and savages of the divorce court system.