You want investors who can help you and telling you where to invest when you are allegedly open to the whole country is impossible.Make a list of places you have a competitive advantage (where you've lived, where your friends and family live, and places you have been that you loved) and then use a list from Dave Meyer or someone else who crunches the data and see where there is overlap.

There are some solid advantages here: new construction typically means lower maintenance costs upfront, modern amenities that attract quality tenants, and potentially higher rental income.

This would increase the property’s value to about $608,000, and you could look at an 80% loan-to-value refinance, which should give you enough to cover most, if not all, of the remaining balance.This structure allows you to minimize upfront costs and take advantage of property appreciation over time.

When it comes to reporting this income, beyond the importance of being truthful on taxes, a few key questions arise:Are there any advantages to reporting higher rental income on your 1040?

This is a great place to learn and to connect with people so take advantage of all the great resources.

Actually, it is to my advantage to simplify, making ownership of my assets easier to file at tax time.  

Do we pay cash for everything we can or take advantage of smaller down payments to be able to fill more buckets?

This is a great place to learn and to connect with people so take advantage of all the great resources.

You'll get a few advantages from higher loan amount (qualifying rental income)  to substantially more income (multiple units).   

I hope you take advantage of all the resources this platform has to offer.