So are these ‘ghetto’ areas worth investing in?

If you cater to higher enlisteds or officers they will pay rent, not doing so are career killers.

Now 1031 exchanges may only be done on investment real estate.What still has to shake out is guidance on what the difference is between equipment and fixtures that remain personal property and so are excluded from the 1031 exchange, and equipment and fixtures that become part of the real estate itself and so eligible for 1031 treatment.

However, given that we’re both military and a couple other circumstances, we have a bit more capital than a typical young-20s couple to invest so are also looking to buy a multi family (ideally quad or tri-plex) property that we can do some light rehab on and start cash flowing.

If so, are you building cheaper than them?

Rents have soared and so have prices.I think during the period 2011, it was tough times in Atlanta, unemployment rate was high and clearly higher risk proposition in this market.

If so, are they national? 

I am starting to think that lotteries are not the only tax on people who can't do math--so are banks.

So are you saying that the east coast is behind on times with the way they do title?

Yes, LLCs are subject to the minimum tax, but limited partnerships are as well, and so are S-corporations.