We're very in the beginning of the thought process of how can we see family more often without it costing an arm and a leg. 

On a 600k property, you are looking at 125-150k plus closing cost. 

Better hope paint,carpet,advertising, commissions, and utilities don’t cost $600 or you blew your cash flow, it’s zero.

@Jae Yoo you'll find it will cost more to sue the PMC than you will recover.While contemplating that, do the following:1) Review your PMC contract to determine how to terminate.

Tax breaks cost the government money, and somebody has to pay for them.

.$80k cannot get you at $400k house, you need closing costs + reserves.

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

The cost of living is probably 1/10 that if NYC too.

AlabamaAlabama residents enjoy a low cost of living and a thriving economy.

I can walk into a property and know within 10% my rehab costs.