Lets face it, in most cases one doesn't care about the other. 

Hard pass.There are only like 5 numbers the IRS cares about your rental EOY.   

Be CAREFUL, you say the lease amount it “somewhat negotiable”.

Be careful.

Diversify your investment portfolio by considering properties in different markets and asset classes.Continue educating yourself about real estate investing strategies, market trends, and best practices.Consider starting with a single property to gain experience and familiarity with the out-of-state investing process.Remember, investing out of state requires careful planning, due diligence, and ongoing management.

I distributed the property in 2020 as a CARES act withdrawal.

But be very careful who you chose to manage these trusts, as there has been some people ripped off by local trustees.

Well-taken care of turnkey properties can be a good option. 

Raleigh stands out due to its position in the Research Triangle, a hotbed for technology, education, and healthcare sectors.

One thing about Houston is be careful of flood zones and flooding.