Honorable mention, Georgia, has among the shortest foreclosure periods.  

You can see that among the 247k households who moved out of California, 1/3 of the Californians moved to Texas due to its business friendly climate.

“Ensuring resident safety and protecting property are often considered to be among the fundamental responsibilities of a housing provider,” the guidance reads.

With rents at 1000, 1200, or 1500, allowing 50% for expenses and assuming a P&I payment of 400, monthly cash flow for Joe and Mike would be 10, 12, and 15, respectively, or 120, 144, and 180 annually...as @Jay Hinrichs points out, even with capital appreciation, not worth it.If cashflow is allocated, not by ownership percentage, but equally among the three partners then cash flow increases to 400, 800, 1400 annually.

Property taxes are among the highest in NJ, especially for a town lacking a strong public school system.Nevertheless, Union City proximity to Midtown Manhattan is truly great, it is a densely populated area, and there is a Light Rail train to the PATH as well.

But we don't have the population growth of some other cities that are poised for major appreciation gains.On the flip side, income/employment disparity and education achievement gaps between whites and minorities are among the worst in the country, so those benefits are not shared by everyone.

@Ralph R. thanks for the mention among the names of so many others esteemed here on Bigger Pockets. 

Rent growth in Phoenix has started to slow down over the past few years due to the competition among a growing number of landlords, however in 2017 the metro area’s rent growth of 4.2% was still among the top 10 for cities nationally.

That child and the roommates asked for the check to be divided equally among all tenants since there was a disagreement among the roommate and one left early, but the company would not do that. 

AIN any event, any Mello Roos property in CA will not be suitable as a rental for a bunch of other reasons.... least among them are the Mello Roos fees.Also, since we are talking about tax, property taxes in California are among the lowest in the nation from a percentage POV, thanks to Prop 13.