Does it matter if you essentially pay nothing for housing for a year, or 3 years or 10 years?

It doesn’t matter that the property might be in CA or TX.

It is hit or miss no matter where you go.

Additionally, local real estate meetups and events can expose you to financing options, legal contacts, or strategies that are applicable no matter where you're investing.Remote investors often build their teams by reaching out to local agents, property managers, and contractors in their target markets.

But as a matter of policy, I just tell everyone that actually applied (that I didn't pick) that I rented the apartment to "another qualified candidate".

Thank you to anyone who can provide me some advice on the matter.

In short it doesn't matter if you increase how much income a residential home is leased out for that will never improve your property value it's always based on how much homes in that area sell for. commercial real estate on the other hand has a few other ways properties are valued including the income approach.

Multi Family MillionsAnd there are plenty more that people can recommend here too.Buying out of state is a risky investment no matter what.

@Joe ScottOne of those rare cases when size does NOT matter. :)If anything, it's a disincentive for an auditor to dive into such complexity.BTW, there should only be one de minimis election statement for the entire return.

He is actually VERY qualified and gave you great advice that you initially were going to ignore:(3) Understand that no matter what property you buy, you are buying someone else's problems.