I definitely think that's the gold mine right now 👍

It’s the last Gold Coast City and it’s on the up.

I just put in buy orders on some gold mining stocks for example.But if you are stuck on real estate as the investment, history tells us that rents hold firmer than real estate values in a downturn. 

So it's essentially a good-as-gold full expense for tax purposes, but it doesn't hurt you on your mortgage application.So make sure your CPA is aware of these things and is not afraid of the home office deduction.Also, if you have a large non-recurring expense this year, this is worth talking through with your lender.Someone like @Chris Mason could probably elaborate.

Here's more information for things to consider-https://www.biggerpockets.com/renewsblog/2013/08/1...As for taxes, I wouldn't take any answer as gold until it comes from an accountant/CPA who does a lot with real estate (so they are up on all the laws and new rules coming out, etc.).

As I'm sure you've noted, anything by Robert Kiyosaki is gold too! 

The 100+ seats of the Gold Room at the Allegheny County auction are overfilled each first Monday of the month with rubberneckers who will never successfully acquire a worthwhile property at a decent price in that room.

As a comparison: the CFA program (the gold standard in finance) can be done for less than $10K.

BP is sitting on a gold mine, if they choose to monetize the site more.

High cap rates, but watch for the fool's gold(a listing with an outlandishly high cap rate, for instance- on those, you'd be lucky to attain half the cap rate.)If you're not planning on having your boots on the ground, I'd say don't start with a property needing tons of rehab- better to start with a high-quality and high-functioning property, build your team, and then go for a rehab if that's what your goal is.