I have some clients closing now..... there were a few bumps in the road, that have been sorted. 

In conclusion: because Kiavi does not know or does not care about Taylor’s chronic ineptitude; because Kiavi has never bothered to put together an introductory email document to clients explaining the steps, requirements and responsibilities of the refinancing process; and because Kiavi does not bother to fix an obviously broken client portal website, it’s clear that the company does not strongly value customer experience and satisfaction.

Just make sure the appreciation rate is strong where you buy. 

Make sure to ask for client referrals and interview more than one company in Flint.

Property management fees and software subscriptions are deductible, and depreciation reduces taxable rental income.This post does not create a CPA-Client relationship.

If you move to NYC, focus on maximizing your earning potential while investing in affordable out-of-state markets with strong rental demand, like San Antonio or Indianapolis.

A guru called this gator lending but I would strongly advise against borrowing funds for a down payment.

Be mindful of recapture tax when selling but consider long-term strategies like a 1031 exchange.This post does not create a CPA-Client relationship.

That is subjective though - I just advise my exchange clients to understand that number and understand their exposure.

As someone else had mentioned, the prospect for appreciation should be a strong consideration.