To start, get pre-approved for a loan, search for multi-family homes, plan commute, consider property taxes, leverage healthcare income, and build a local network.Good luck!

Nevada has some good advantages with no state income tax and low property taxes. 

Setting aside 25% of your net profit is a reasonable estimate for taxes, but the actual amount depends on your overall tax bracket.

He has concerns  about the maintenance, property taxes etc,  so maybe another option would be for me  to buy it and rent it  to him. 

Public Record bedroom number is different than the advertised bedroom number.For instance, Public record and tax assessor says 4, while advertised bedroom number on MLS/listing is 5.The listing agent insists that the bedroom number is correct and that assessor and public information are wrong.What steps do I need to ensure that the advertised bedroom number is correct?

You could also create a trust but that comes with a little more administrative burden than a will.

The state’s housing is also ranked as the fourth most affordable in the country.Alabama currently has the second-lowest average property tax rate in the country at 0.4%, which helps investors keep more of the money they earn.

The rents were at $1000 a door with a potential to increase up to $1250 after some small TLC renovations.When you factor in the price point, lower taxes and lower insurance you have yourself a sure fire cash flow deal.

It is better to keep taxes low and get long-term appreciation. 

And as long as the purchase of the replacement property meets the timing requirements of all of the sales (identified on the 45 day list and purchased within 180 days of the first sale) then you will defer all tax from both sales.