Many agents who live near a state border are licensed in multiple states.

She wanted the 2 lots that border her property.Her other son wants to buy the house and remaining lots, he plans to fix it up and live in the house.Thanks for all of your support and words of encouragement everyone.

This house is in a good neighborhood, but it is just three blocks north of the border of Detroit, so we are not going to get tenants with a lot of income.

Laws and practices change from one town to the next, across state lines, and across international borders.  

$150k for a unit worth $300k after rehab borders on robbery.  

With the new rules (as they are shaping up) it looks like the only reasonable options are corporations on both sides of the border (expensive to maintain, higher tax rates in US) or LPs (does not preserve liability protection for the general partner) so those are not attractive.Now, with the changing Canadian tax rules, had I known I would have just held the properties in our own names and bought more liability insurance.Caveats:1) I read on BP that it is much more expensive to maintain entities in California...or maybe it is not the entity but some sort of levy for those investing in rental properties.

I don't know how the cross-border details would work, plus with the CAD low right now, it might not be good.  

It is gambling in some sense but I really don't see Southie going down anytime and only becoming more desirable as G.E, Reebok, Amazon move to the Seaport and as Andrew Square and South Bay get developed." 

It's a gamble, and it's rigged to benefit the house.

I'm investing to the east of you... close to the Minnesota border along interstate 94