@Omer, Curious if you meant hire in Los Angeles or Louisiana? 

First, remember that initially taking out an FHA loan on your Charlotte home meant it was intended to be your primary residence, so renting it out may violate those terms.

Fortunately I moved to SF in 1994 and along with the dot com boom, I could see gentrification in the city being much more fluid than Santa Clara.

We realized that more properties meant more headaches. 

@Lucy Bennet, that was awkwardly phrased (but twas the real me - not AI :).What I meant was trying to use a primary residence loan to complete a 1031 exchange. 

You also get to be cash fluid which helps with having liquid reserves required by the banks/lenders.

People started laughing, asking what it meant, I had no idea, but it was mine, my choosing.

That's what I meant by income taxes since it's generally taxed the same as regular income. 

There was actually already a law like this on the books in Oklahoma for years that had not been enforced for ages but could have been (it was poorly written as it said that that it did not apply to "Indians" born in the US,  I assume they meant native americans and not Indians from India). 

@Bob Stevens apologies meant Columbus not cleveland.