Flip= break even , Rental= long term profits on amortization, potential future cashflow as you mentioned, and hopefully appreciation.

Nashville has outlawed this year all future absentee owners for Short Term Rentals except in the commercial district downtown.

Take the breaks when you can and worry about the future taxes later.

To be honest, the rehab spooks me a bit as Burlington proper has loads of really old homes (100+ years), so I'm prepping myself for that hit ... but honestly, that's Future Joe's problem.

So while I'm saving and searching for the right property to have as my first investment, I've been doing tons of research and began listening to the bigger pockets podcast which led me here.I currently manage the service end of a new car dealership, but am looking toward the future and some day retirement and want a way to secure financial freedom.

Can't make it this weekend but will look out for future meets...

So my gut tells me this is not in a good area, it has a lot of deferred maintenance, and that you will be paying much more in the future to fix more issues like this.

So we weren't able to purse that option yet, but will look for that in the future. 

I have sent a request through in your company website and hope to be able to do business in the near future.

Or maybe they're just tired of winters in DC :-)"Military leaders have described the Futures Command project as the Army’s most significant reorganization since 1973.