Conduct thorough property inspections to identify any maintenance needs or structural issues that could affect rental income.

This deduction currently identifies as dead.Now, if you had an operating business, say a factory, in one state and decided to relocate it to another state, moving costs would be deductible.Your situation is in the gray area.

For Realtors, most MLS's also offer an assumable search (for those that are identified correctly) when noted investors can find this information on additional details at the bottom of real estate sites like Zillow and Realtor.com under 'Terms' usually it will say conventional, cash, assumable...Title companies can be helpful with verifying the original loan balance and original note date which is a good indicator of the sellers note rate and how much principal they've paid down based on an ordinary amortization schedule. 

This can potentially enhance long-term wealth building.Tax Deferral-By reinvesting your proceeds into like-kind properties through a 1031 exchange, you can defer capital gains taxes, allowing you to reinvest more capital.Market Timing-Despite the competitive market, a 1031 exchange gives you a defined timeline to identify and acquire properties, potentially putting you ahead of other buyers who might not be as motivated by a tight deadline.Cons:Lower Initial Cash Flow-Acquiring additional properties may reduce your immediate cash flow, especially if properties in your target market are not as cash flow positive as your current property.Risk of Overpaying-In a competitive market, there's a risk of overpaying for properties just to meet the exchange deadline, which could impact your overall returns.Either one is a valid option, but overall it depends what your financial goals and restrictions are.

A useful tip I’ve discovered in various cities is to use Redfin to identify the hottest markets in each state.

Once you’ve identified this, dig deep into the market and figure out its strengths (good for rentals, good for flips, short term rentals, something else?).

Look for properties with recent transactions or those under construction to identify potential hot spots for future development.Search Filters: Use the advanced search filters to find properties and development projects.

These professionals can provide valuable insights and help you navigate the complexities of real estate investing.Research the market: Start by researching different markets across the country to identify areas with strong rental demand, affordable property prices, and potential for appreciation.

I had them show me all the problems they currently had with their apartment, then we identified the top 3, and got those fixed within a week.

Depends on where you invest in the City of Detroit.Zip codes are hard to use to identify where to invest.Block-by-block is the best way, but almost impossible for OOS investors.That's why we use city Neighborhoods!