I'm based in Houston and personally would avoid Midland due to its potential job volatility.

Choose a market based on affordability, population growth, job opportunities, landlord-friendly states, and BRRRR potential.

IMHO, if something is based on fear, there is an agenda behind it.

I see lots of people with unrealistic rose colored proformas that I hope will be saved by an appreciating market. 

I'm based out central Mass.Thanks in advance,Jim

The reality is that the tax impact and ability to take ANY losses (as Michael mentioned) is based on a number of factors that include whether or not it is a "separate dwelling unit".

They're based outin Georgia and it seems like they move from one storm to the next.We've given this contractor about $255K, $45K of thatbeing funded towards the next project of the kitchen and now we have about $60Kleft to finish the house.

In other words, if you buy with true cash (meaning not hard money, no lien was put on the property at purchase, etc), then you can get a mortgage for up to six months after closing based on the purchase scenario (basically a cashout refi). 

Beyond that, a bit more color on this duplex would be helpful....condition?

For those who have done a base rent + percentage of wedding event operator revenue, what percentage did you use and how did you determine it?