Don't want to price myself out of a future market.

I was 100% RE before.

What are vacancy rates in your market and does the current tenant plan to re-up for another year?

I currently lean toward upstate NY and MI (Detroit metro) as I live in the west but have family in Canada not far from those locations and the idea of being able to visit family with trips that can double as business write-offs is appealing.

I know it is too late at this point but should you find yourself in this position in the future I would utilize the 1031 exchange option.

Hey @Mary Wells, I've house hacked several times, it's a great way to begin your RE investing career!

Linda  I dont bother, most of these including mortgages are wiped out when tax deed issued as long as county does proper notifications.Nobody ever writes about restrictions, reservations and easements of record surviving a tax deed sale. 

As my research if income AGI over $150k you dont get to write off a lost on your rental.

Hey Dean - Any of those 3 products you mentioned could be potential options, and I'll add a 4th as well in case it's handy for any future properties (wouldn't apply here since this property is free and clear). 1.)

So you are renting a place to re-rent it (arbitrage) to someone else?