Obviously when things break and we need to manage contractors or go over personally to do repairs that time goes up significantly. 

@Kevin Sobilo Yes I have all of those numbers from them, but obviously they can't give me my CoC or IRR.

Obviously been a rental for a long time, so lots of signs of neglect (but not gone so far that it was falling to ruin).

With that being said I'll obviously be focusing on out of state.I know Ohio is mentioned a lot around here, specifically Columbus, and I'm an Ohio State alum, so that would be pretty cool to secure my first property in Ohio.

Obviously, it's not beneficial to every property/owner, but we do see many investors benefit from it.

Obviously the answer is yes when it comes down to the cash flow, but I am particularly wondering if HCOL/high property tax areas are places you would cross off the list entirely.

Houston has its expensive areas but pretty affordable overall.Pricing is obviously higher in some areas, but even in Houston you should be at $250+ SF.

The investors that I work with are looking for good entry price, steady cash flow and obvious appreciation. 

. ($9,900 total)Obviously this is simplified but unless you expect to make much less and be in a lower tax bracket in the future those deductions could come in handy.

Now, this would obviously be negatively cash flowing since you would need to pay taxes and insurance.