Then later find out in underwriting that the loan officer did not calculate income correctly or used rents that do not qualify.You want to ask to see the math to see how are they running the approval it’s not just income, and rents it’s also what are the annual taxes and annual home owners insurance they are using to qualify.

I’m curious as to the thoughts of a CPA here given the differences in tax implications generally between NJ and FL.

Split it down the middle and work it like a true partnership where the interest payment, tax, insurance comes out of the entity.

Listing prices/property taxes are awesome and rent prices look good as well.

Keeps our taxes as Agriculture versus commercial.  

Expenses and taxes can be a confusing part of real estate.  

However, I'm still open to choosing Columbus Ohio if it's a better investment than the Philadelphia area.My priorities are:- Landlord friendliness (I don't want to get stuck in a location where its hard to get uncooperative tenants out of a property)- Friendlier Short Term Rental laws (AirBNB, etc) - Ideally lower property taxes (Not a huge concern if there isn't a big difference between the two)- Better cash flow (If the different purchase price to cash flow is substantial, I'd want the better cash flowing area)Which between these two regions would you recommend?

If you are a tax accountant, get thru that busy season. 

My tax bill was sizable this year but 2024 is going to be a doozy.

Thanks for the tips!