Quote from @Marc Zak: In the market where I live (San Diego), appreciation has been strong and many predict it will continue to appreciate in the long term.However, with current interest rates (6% at best) and property tax (2%), the annual cost burden is 8%.Am I correct in saying that appreciation has to be above 8% annually (plus whatever my maintenance and vacancy costs are) for me to make any money in this scenario if the property is cash flow neutral?

Hello my name is Ernest KAKEU, I live in Midland.

Also, if it fits your budget and your business needs a write off BPCON lives up to the hype. 

You should have, or you should create an amortization table that shows the actual interest paid on the $650k mortgage for the first 6 months while you lived there.

I now live out of state, but I still have a 4 acre property near the crossroads (on 111 & near 77) in Lavaca County, TX that I need to do something with.

I wanted to invest where I wanted to live and I am also from Elgin so am constantly headed further nw. 

I live in the Bronx, NY but my goal is to own an investment property in Philadelphia by the end of this year.

Was truly one of the best financial decisions of my life. 

In theory they've tried all they can and are stuck on stupid feeling there life is about to be burnt to the ground. 

Even if the rental has a decent cash flow with additional flood insurance, we're still not sure we want to take on that risk as we are out-of-state investors (planning to move back to KY in the future, but not now) and we don't like that it will potentially bring down the perceived value when we try to sell it in the future.The seller has never lived there and has not provided any information on if it has flooded before or not.