Just curious :)I practice in DC for a national client base, primarily in the areas of information reporting and withholding, cross-border payments, FATCA, and employment taxes.

If you haven't done so, check out the "Learn" tab up top along the blue border.

@Lee G.The number looks at the border of good/bad deal, so if it is the best you can get for your area, you may have some decent returns from it.For income tax, you can calculate your Before Tax Cash Flow and then deduct the income tax so you can see what the After Tax Cash Flow like.One question for IRR.

My family lives just south of the border, so this would give me a good excuse to visit more!

Warren, a suburb that borders Detroit has great returns and is a very hot area.

Funding sources north of the border might be harder to come across as of late.

I tried to find multi family properties right on the border of a good/bad area which yields a great price:rent + appreciation chance.My realtor I found by going online, looking at re/max and picking the youngest looking realtor I could.

Try American Village just west of campus for large 80's-90s era family homes and the area south of campus bordering MLK but before you get to Hope Valley for affordable 2-3 bedroom houses on big lots.  

The individual who gave you the property, received it from his grandmother, who received it from his deceased mother, who received it  along with her husband pursuant to a land contract which is in default.  

Without a doubt, there are good opportunities beyond our state's borders - @Shawn Ackerman makes an excellent point - but there are still some great opportunities in your backyard and down in Tucson.