We are choosing new build because A) our family 4 has a certain size demand B)  the price-quality ratio doesn't seem to make sense when considering a preexisting home C) with interest rates being at near 8% with preexisting homes, builders are offering 5.99% interest rates and the exact home we are looking at is about $75K discounted because it's a spec home and the builder doesn't want to pay taxes on it.So, live in it for 5-6 years hopefully rent it out with a fully finished basement for potentially $4,200 in 5-6 years.

Low taxes, landlord friendly, above average appreciation, and limited new construction.

While there are returns and security in substantial positive cashflow, you also get returns through appreciation, tax deductions, and loan paydown.

This increased the required household income to purchase the median-priced home by $6,400, to $119,700, after also accounting for the cost of tax and insurance.

You're investing there, paying taxes, making friends, bringing your friends and hoping to create a safe space for others to visit where the people on the other end of the line live full time. 

While the rest of y'all are leading this guy down ALL the wrong paths.But yeah - as Turbo Tax says - All people are tax people.

I prefer multi family for cashflow but single family works well for long term holdings and tax benefits.

I'm looking to connect with a financial advisor who might be willing to answer some questions about my prospects with a one-year credit history, the tax implications I should be aware of, and so on.

For those that don't know, TN recently changed the way the franchise tax is calculated. 

If ordinary income, in NC that will be a tax rate of about 43% between federal and state taxes.