So, you don't really get all the benefits touted for those states which are favorable.Check with your tax accountant / attorney.

Folks in the financial planning business should encourage their clients to consider real estate investments and ownership of small, local businesses.Continually touting only the stock market (Individual stocks, mutual funds, bond products, derivatives, etc.) is getting old."

@Ben Leybovich  while I enjoy the back and forth and see both sides.I have always been suspect that your buying with equity... no one buys with equity if the property is one the open market.. the value is willing buyer willing seller.Equity in most instance is earned through rehab redevelopment and or luck of the market place.Look at Portland Oregon on Core logic we had a 10% rise in values last year... so yes if you bought at market price last year for 300k you now have 30k in equity .. but it was the market nothing you did.If your buying off market as is and getting distressed assets some of those can be under market and flipped wholesalers and flippers do it everyday but its their business.. so in mind to buy any property and think you bought under market unless you went toe to toe with the owner your simply paying market and you will CREATE an exit by value add or you buy multi with drastically under priced rents and able to raise rents ext... something external creates the equity.I had the Pleasure to stop by @Chris Clothier operation last week when I was in Memphis for a few days.. and having as much experience in the space as anyone in the country.. their operation is in my mind more like a well put together commercial brokerage selling NNN opportunities .. not that they guarantee things but they have systems and people in place to allow their clients to get these kinds of returns that may be under what others tout but are more in the line of a commercial purchase if that makes any sense..

I see this as taking a position similar to Warren Buffett, who touts long term wealth over short term, high volatility growth.To that point, I would like to hear from anyone who has, or is currently, building a property management business from scratch.  

We are especially unhappy with the service now, considering that was one of their highly touted features when they first started offering it.

His older sister was going to UT and he went down there to visit her.  

You MUST have a team in place and be able to tout them. 

When I was buying in ATL  in 2011 2012. ( I bought 54 homes)  everyone was touting Texas B/C they said Texas the values did not fall much in the GFCBut I was aware of the astronomical tax bills from Texas as well as foundation issues.And what would you rather have a home I was buying that was near new for 50k that rented at 900 or A Texas home that rented at 900 for 80 top 90k.. well the Texas homes never went anywhere really and the ATL homes doubled in 24 months I owned them .. then I sold them all and made a killing  LOL>. 

In Hawaii, in TWO airbnb's we stayed at they touted 2 bedrooms but one door was locked!  

Are there good one's sure but as long as BP continues to tout the process on Pod casts and bP member promulgate the activity it just amateur hour.. with everyone having an opinion.. and we all know some folks are just out in the left field and only out for themselves financial sociopaths really.