You are still legally entitled to claim the interest you paid as a deduction.

I would definitely speak to a tax pro before finalizing any plans.

Properties located near amenities tend to be more attractive, which can result in higher property values and rental income.Legal Factors to Consider When Choosing a LocationThere are several legal factors to consider when choosing a location for real estate investment.

Federal taxation still applies everywhere: IRS.Would it make sense to open up some legal business entity in one of those states?

Will definitely check it out!

REALTORS® shall recommend that sellers/landlords obtain the advice of legal counsel prior to acceptance of a subsequent offer except where the acceptance is contingent on the termination of the pre-existing purchase contract or lease.

I'm an electrical engineer by trade, so I think I've got a good handle on the technical content, but the wording and legal may need help.  

I think one of the easiest ways to start is a house-hack and I still do it myself....Anyhow, I am an investor, realtor and lender and live in Fort Lauderdale so I can definitely give you some pointers in the south Florida market. 

Most are fine with that, but a few will have problems with it and claim there are legal issues, etc..

My legal advisor is advising I have tenants pay to the LLC.