Sounds like the investor selling to you is trying to flip using inflated numbers based on the rents, not just the lots.

This inflates the market significantly, and there are tons of properties here where they simply are worth about $30-40k less than what the market is asking right now.  

Even at current inflation rates, the present value of the future tax obligation will be about 50% in 30 years.

Don't be afraid to check out NKY either or even the Southern Dayton, Ohio area that borders the Cincinnati suburbs.Clifton and CUF are nice college areas, but I think prices tend to be a little inflated given the college atmosphere.

For the sake of considering inflation and taxes, paying down a note with inflated dollars over time using someone elses money is a better inflation and tax strategy than the Wall Street casino. 

Whether you’re investing in a company (stock) or in real estate, you should judge your investment in terms of the six things that make an investment “good”: §  Income§  Appreciation§  Leverage§  Tax Advantages§  Protection Against Inflation§  Preservation of Capital Notwithstanding my brief answer, the scope of your question was such that this post is already fairly long, so I should close for now.  

If I wanted to follow the safe withdrawal rate figure of 4%, I would have needed to put in about $1.7mil into a retirement account over those same 7 years to achieve the same annual income I get from rentals (assuming equal investments from the start and using average return of 7% which I believe is the historic adjusting for inflation adjusts for inflation). 

If you are surrounded by other duplexes and most are renters on both sides, land is readily available with the same amenities and just one highway exit further from employers, and inflation stays tame, you will likely appreciate with inflation....however don't discount equity build up over time.

They think the only "safe" assets are gold and silver.3rd, by point #3 he's going on about the governments deception and hiding real inflation rates.Give this guy a tin-foil hat and get on with your day.

There are some markets where you can still make money buying turnkey whereas in some market the prices of these properties are too inflated in my opinion.