Year 1, cash on cash return at 9.46% Over the next 10 years, here are the projected overall returns with 5% year over year rent growth, 3% year over year appreciation of the property, and calculations for tax savings + debt pay down: I'm a buy and hold investor.

This involves discussing legal and tax implications with professionals like a real estate attorney and tax advisor to find the best structure for your situation.

Do you have any interest in 2-4 units to increase the units/rents under one tax bill.

-Consult with a real estate and/or estate planning attorney. 

The Midwest markets offer a lower barrier to entry as they provide lower home prices and taxes, a lot of these markets are landlord friendly as well.

Go for the primary residence 2 out of 5 years no taxes.  7. 

I only WISH I had known about this ability to make money earn in two places at once while ALSO getting a death benefit and future tax benefits.

We also pull tax information and public records data to help estimate things on the expense side.I personally have 25 listings and recommend that folk do as you say and learn the nuances and intimacies for specific properties in specific markets.

Quick back story is I am a Missouri resident that sold a Maryland property in June 2023, I've e-filed my federal and MD tax return as of the first week of April 2024.

There may be other things I'm unaware of that come into play as well- taxes, liability laws, etc.