High taxes.

He is busy working at the hospital and doesn't want to deal with tenants, toilets, taxes, trash, and all that haha

They were taxing as a fourplex, but the CO said it was a triplex.I found out when I went to try to refi with the bank.

From a tax implication standpoint, it can be tricky but if done correctly, not a problem.

and that was owner occ.. todays rates are pretty normal actually. what you can do if you want though is find a really good HML and let them place a loan for you making 10 to 12% while your wait for things to change to a situation that you feel you want to move forward be more net return than buying a rental thats for sure. of course no tax bene's but there really is not that much tax benefit on one rental.. so just some alternatives. 

Hi Jon from Boyertown, PA-You and your fiancé are interested in buying your first short-term rental and wonder profitable areas to purchase with a budget up to $500,000.I would look at places along the west coast of Michigan, Grand Rapids, Kalamazoo, and near Ann Arbor, MI.It is important to understand the local STR regulations in each community and partner with a property management company that can help your navigate that and manage it well for an excellent guest experience.Don't forget to look into bonus depreciation and doing a cost segregation study to increase the tax benefits of ownership and if you "materially participate" in the management of the property per IRS guidelines it can offset active W-2 income which most real estate cannot.To Your Success!

Low property taxes (1.1%) and not a lot natural disasters as well.

It would/could be only 15% capital gains tax and yes you could/would deduct all selling costs including commissions and transfer taxes.

Since part of your property is a rental, I believe a portion of your mortgage interest should be a tax deduction unlike your other debt.

Who covers the tax bill when they don't pay the tax bill or the insurance?