Thus, heis pretty excited and it has stuck in his head.

You can surely buy cheaper properties and obtain the same debt pay-down, but now you've got 5x the head-ache, so right asset class is more about efficiency when it comes to debt pay-down.Tax shielding is similar concept in that more expensive properties directionally give you more building basis to depreciate, which means less net income to tax.

Any pricing-related tool offered by the OTA itself (think of VRBO, booking etc) is there to ensure you are getting heads in beds at any rate possible, just to ensure they are getting paid. 

. :-)I agree though - get them involved in a real way (having them help write/advise/ formulate the goals) this will get into their heads faster than just plain talk.I would add this: maybe for the second 'meeting', go on a Field Trip!

@Jay Hinrichs yes to my knowledge there are other states that changed regs.Off the top of my head.

They have perfected putting their head into the sand post cards are tossed, phone calls hung up on. 

I wanted to invest where I wanted to live and I am also from Elgin so am constantly headed further nw. 

It also kills two birds with one stone: an investment property, and a roof over your head. 

Each year, I like to take time to reflect on the prior year and where I’m headed in the current year.

Just off the top of my head, I wouldn't feel super comfortable with non-US properties because properties in the US are held to HUD code (at a minimum).