Since you’re based in NY, Detroit is just a short flight away, making it feasible to visit and get a feel for the market and the team you’d be working with.That said, I’ve worked with plenty of investors who have never actually visited and still built successful portfolios—it really comes down to having the right boots on the ground.

I'm an investor and Realtor based in Central NJ. 

It's just a pass-through entity so the income would flow on to your personal and you would pay taxes based the tax bracket you fall in for you personal income (from my understanding).

I am a licensed realtor based in Atlanta, Georgia, and I am currently working on obtaining my mortgage origination license.

@Rami Refaeli I am on the Fort Worth side of the metroplex but the company I work for is based in North Dallas.

MarttiHi Martti, I’ve done BRRRRs in both Columbus and Cleveland, but I’m based in Columbus.

It would likely be comparable to what you pay in the NE.Just google "Lexington County tax estimator" or whatever county you're interested in and you'll usually find a web tool from the County you can use to estimate the tax bill based on the previous year's assessments.There is also a law called the ATI tax exemption that can potentially lower than 6% rate by 25%.

Set clear and consistent application requirements so you can base your decisions on solid facts.

Based on the continuing research, wholesaling property wouldn't be the right strategy. 

@Eric L ConryI would base it on your cash flow NEEDS, not wants.