Split it down the middle and work it like a true partnership where the interest payment, tax, insurance comes out of the entity.

I’m curious as to the thoughts of a CPA here given the differences in tax implications generally between NJ and FL.

There was a federal law suit against most of these programs filed by SEC, but I am not sure what the outcome was.

Listing prices/property taxes are awesome and rent prices look good as well.

I don't want to speak for Joseph, but yes the $230 accounts for all expenses (taxes, insurance, mngt, debt service, future vacancy & future maintenance reserve). 

I'm just looking for a break even property. also take into account taxes.

Expenses and taxes can be a confusing part of real estate.  

However, I'm still open to choosing Columbus Ohio if it's a better investment than the Philadelphia area.My priorities are:- Landlord friendliness (I don't want to get stuck in a location where its hard to get uncooperative tenants out of a property)- Friendlier Short Term Rental laws (AirBNB, etc) - Ideally lower property taxes (Not a huge concern if there isn't a big difference between the two)- Better cash flow (If the different purchase price to cash flow is substantial, I'd want the better cash flowing area)Which between these two regions would you recommend?

If you are a tax accountant, get thru that busy season. 

Here is what is good: in Colorado they pay 9 points above the current US Federal Discount Rate (which is 5.5% right now) - so that would be an interest rate of 14%+.