Anytime it rains it just floods on the main drag and then you also deal with the 45-70 min it takes during peak season from the de/md line down to the boardwalk.

It seems newbies are being sold Section 8 investing as if it's a) some sort of complicated strategy, and b) a silver bullet to de-risk out of state investing.As you and I know, it's neither.I have multiple section 8 properties in Detroit.

Maybe suggesting I widen the private road and put a gravel cul de sac in for fire/ambulance right of way.

Fixed floors like tile cannot be and have to be depreciated unless they fall under one of the exceptions such as de minimis.

Make sure your not buying on the wrong side of a city/school border and are using rent comparisons that might be geographically close but are really different renter markets(like buying in East Cleveland and using Cleveland Heights rents).  

Quote from @Steven De Lange: Hi Justin, Good points! 

3) the back of the property leads to a cul de sac which could potentially be another entrance - option would possibly be building a duplex or fourplex which would be less costly - then sell it and make another and use the profit towards the apartment building and just build 1 because who has that kind of money. 

We have a competitor who owns a property bordering a major river and they are constantly booked and their rental is nice but not not that nice.

I live in Washington near the border to Idaho.

The top three tax havens in the U.S. are Delaware, Nevada, and Wyoming.