Working on my first deal currently and looking forward to growing a portfolio.

It’s frustrating losing out to those that do, but remember that they may be buying expensive future headaches along with the house.

It may seem a little scary at first but its a growing trend that buyers in states like NJ look outside for good cash flow deals.

The thing to remember is that house hacking could result in a profit.

These investors are looking for a turnkey solution that makes it easy to invest and create good cashflow in a growing market.  

Remember also if you plan to sell the property within 4 years, you'll need to clear the title which is about $2,800 with a title clearing service and expect that to take anywhere between 30-60 days.

The city’s investment in infrastructure, new businesses opening up, and revitalization projects have made a real difference in neighborhood quality and overall economic activity.Population Growth: After decades of decline, Detroit's population is finally growing again.

Also remember the time these returns will take to amend along with the possibility of opening up audit periods/red flags with the IRS due to amendments.Doing this yourself on turbo tax likely won't be your best bet considering all of the details.

I forgot to add... always remember the saying "Location, Location, Location..." .

This savings can then be reinvested into more properties, allowing your portfolio to grow faster.