Amazing perspective from all. 

@Peter Mckernan This is a great well-rounded perspective, Real estate is one of those fields where no two deals or markets are exactly the same.

As mentioned elsewhere, breakeven on cash flow is not the same as break even for taxes.Let's make some assumptions:Rental income = $1000Mortgage payment = $400 - but $300 is interest and $100 is principalOther expenses (repairs, advertising, utilities, etc) = $600Depreciation = $250The above scenario creates a break even from a cash flow perspective, however the tax scenario looks like this:Rental income minus the mortgage interest (principal is not deductible) minus the other expenses minus depreciation looks like this:1000-300-600-250 = $150 LossIf your income is over $150,000, then you cannot deduct that loss, but you can roll it over to future years. 

Any advice or perspective would be incredibly helpful.Thanks!  

I can definitely see how going 100 miles south towards San Diego can give me greater perspective into out of state flips.I can agree to disagree that the best contractors are not found on yelp.

My developer client successfully defended the initial challenges and settled on this having PE rights, so he shifted the site plan to avoid the issue.

The world of real estate tends to be pretty medieval from a technology perspective.

I am in the Port Saint Lucie, Fl market and i have an airbnb that is doing quite well from an income perspective. 

It’s awesome to hear how much thought you’re putting into your next purchase-it’s clear you’ve got a great perspective as both an experienced traveler and investor.

I'd love to connect and definitely gain some perspective from you!