So if you discount a small amount to get rolling, that is something that can work, but don't want to stay low for long.You will start to get the dregs staying at your place and they can do some real damage to the place.

There's other items such as this where it may be helpful to talk to a CPA/EA for a little tax planning, especially since you'll likely get caught up in the passive activity loss limitations if taking bonus on a single rental property as I often see.It's also useful to mention that even if you do the cost seg study (I'm assuming you're doing one to be talking about this), you'll still benefit from accelerated depreciation in the form of shorter useful lives on the assets where you received bonus from.

There is a chat room that everyone asks questions in and try to get answers.  

He has been alongside me on the other deals so I’d like to give him equity/skin in the game and I don’t know how else to do itQuote from @Basit Siddiqi: Getting a property with a partner / friend will not help you from getting hosed on taxes.I wouldn't move forward - You mentioned beng a high income earner so your hourly rate is very high.

Have a nice day.LNo problem at all Lisa.

I visited detroit this summer and I was surprised on how nice downtown Detroit was.

Try to talk to a lender or two to get a real concrete idea of what you can do.

Outside of the obvious stuff like big house and nice expensive cars, money affords you the ability to wake up to the sunrise as opposed to an alarm clock.

Quote from @Erik Estrada: Quote from @Mickey Petersen: Quote from @Erik Estrada: Nice! 

This website is a nice starting point as you are deciding on what location to choose from.