@Kevin Lanphear If you invest in a property out of state, you may be required to file an out of state tax return.I wouldn't put too much of an emphasis on the tax rates for the various states.

Wealthability is actually a global network of CPA firms that have been trained by Tom Wheelwright.

This site is great, but sometimes the emphasis on cash flow, cap rates, cash-on-cash misses the point that there are other goals with real estate than purely squeezing the most money out of it.Good luck!

Moynihan (51) President and Chief Executive Officer since January 2010; President, Consumer and Small Business Banking from August 2009 to December 2009; President, Global Banking and Wealth Management from January 2009 to August 2009; General Counsel from December 2008 to January 2009; President, Global Corporate and Investment Banking from October 2007 to December 2008; President, Global Wealth and Investment Management from April 2004 to October 2007.

While there is info as well about dealing with property once you own it that seems to be of a somewhat lesser emphasis at least on the blogs/posts that I seem to notice.  

So maybe your guy is one of those.All that said, if you've had multiple reputable contractors - emphasis on reputable, make sure they're that - tell you they'd skip a permit on your job in that particular area, with that set of circumstances, I'd be a lot more likely to listen to them than a bunch of internet strangers (me included).

Do see a more emphasis put on bring the city life back as you see developments happening in Central West End and Downtown area.

They're a collection of distressed assets here in the US that are attracting investors globally. 

I am in the process of looking for my second SFH now, but I would like to properly protect my assets legally by forming an LLC before I continue down the path of global domination.If anyone has had a positive experience working with a reputable, and helpful attorney specializing in real estate assets protection in the Atlanta (Marietta), GA area, I would love to hear about it.Thanks for taking the time to respond. 

Emphasis mine.