Excellent decision, @David Krainert!

Now that I will start working in a fixed position I obviously get more freedom in my decisions when lending with the bank.

After reading this I'm still not sure, but I will make a better more educated decision now.

Just be aware the courts view this as a situation of a "rich landlord" taking advantage of a "poor renter".

I hope I am making the right decision here. 

We never got rent on time, got hit with the units being poorly manage, and no income or cash-flow to rehab the other unit.

The bank makes the final decision on whether to accept the offer or not and continue to the process.

In terms of the price/returns they should be the same, just that one investor is investing in a state that does not have a state income tax and then lives in that same state so does not need to pay a state income tax on the rental income while the CA one lives in a state that does have a state income tax :)I don't think that ultimately would drive a decision, but it is something to think about.

Once we have that data we can make a more concise decision. 

@Pat Parrillo - thank you for the insight Pat that simplified analysis demonstrates nicely how a financing decision for a single property potentially has a significant effect on your long term goals.