Downstairs 2br 1bath unit we are living in.

I live on the east coast.

It has made me question how can people live the way they do.

The property has to be considered 'in service' for you to list it on your tax return.In service entails a couple of items such as1) The property is in livable condition - Working bathroom, kitchen and an area to live.2) The property was advertised for rent.Best of luck

P.S; We live in Wilmington NC so both markets would be "long distance" P.S.P.S there are no reasonably priced multi family properties local to us.

.: I live near Nice France half the year.

If you live in or around Denver you've probably heard of the Park Hill golf course - if not, here's a quick rundownBackground: 1.

I live in CA and drove that route for years to visit family in Phoenix, AZ. 

Hey DenisI have commented a lot about arbitrage in a general sense here, however I believe I am uniquely qualified to answer here as I live and operate about 65 units in this specific market.In 2016 I got my STR start arbitraging a Gulf Front mansion that was in foreclosure and I got a great deal on. 

Quote from @Tove Fox: I live in California and am interested in purchasing my first investment property in an A or B neighborhood in one of the above states, ideally under $300k.