$3250 does seem about 2x what a SFH 3/1 is going to get in Midland: https://odessa.craigslist.org/apa/d/midland-casa-nueva-de-3-recamaras/7135360959.htmlSFH generally don't have owner expenses for any utilities, which is nice.If Midland is a hot rental market then your vacancy should be low. 

It's not true if the house is still a construction zone in any way.The answer to your question is VERY different if you've had the property in service already, pulled it out of service temporarily to do upgrades and then put it back into service.In that case, you'd have issues surrounding De Minimums Safe Harbor, where you have a lot more leniency in what you can write off right away vs what must be depreciated.

@Edith Alvarado de CortezWhile I don’t know California, you want to keep your short term investments, or flips, separate from your long term investments, ie rentals.

I heard many people say Delaware, Wyoming and the State where I will be investing in RE in.

You then could have a blend of these where you could make two separate LLC's in each state, but then also nest them under a holding company in another state, such as Nevada or Delaware, for example.

I think that everyone's circumstances are different and you should speak with a cross border specialist.

In our situation, to get anywhere close to a decent cash-on-cash return, I'm guessing we'd have to limit ourselves to studios and 1BD condos within the city, or properties just across the border in Maryland or Virginia.

That would be a fair deal for bucktown if numbers are accurate and it's actually within the border of bucktown proper (many agents lie about this)...

Originally posted by @Elisa De los Reyes:My tenants broke the vinyl frame of the sliding glass window.

The company I work for has an office in Wilmington Delaware and I'm looking to transfer there.