Thanks all I never buy a property based on it being tax benefits.

As for the third target market, Sacramento is close to you, it's a state capitol, relatively inexpensive, two major universities, great local culture...

Additional DetailsI’m willing to invest in out-of-state properties, though I prefer areas with good property management options.My primary focus is passive income, but I’m also interested in value-add opportunities.I want to ensure these investments provide strong tax benefits and diversify my portfolio.I’d love to hear from experienced investors:What would you do in my position?

The benefit is significantly less red tape compared to working with your traditional local banks who also do new construction financing.

Whether we are related to the landlord from our previous rental, and if so, to specify the relationship.3.

A CPA familiar with real estate partnerships could clarify the implications for everyone involved.A great attorney or CPA can help you iron out the details and ensure the partnership benefits all parties fairly.

Hi Ben, I'm way new to this and I'm not as far along as you are, but I wanted to say I can relate to feeling alternately encouraged and then like my dreams might be unattainable.

It will familiarize you with the basic terminology and benefits.

However, for this first property, I was mainly focused on a market I am relatively close to and knew well (Houston) and somewhere that the appreciation would probably make up for the cash flow in the long run. 

Maybe you can relate?