@Yonah Weiss did mine.Be sure that you and/or your CPA is using the $2,500 de minimis safe harbor for rehab and repairs.Conservation easements are an option but those are IRS listed transactions with a lot of audit scrutiny.The amount of taxes that many high net worth individuals pay is astronomical (40-50+%).

Yes, those markets are expensive but with rent growth (my section 8 rental just went up $480 this year) the returns and cash flow over time can be astronomical.

When I made my offer, the seller countered at an astronomical $345k for the duplex which I was stunned by. 

Just great...Water/Sewer bills are already astronomical in Bing.  

I have colleagues in tech who make astronomical salaries who are looking for primaries.

The asking price is absolutely astronomical when I crunch the numbers.

When you asked about "solid COC return", one of the issues with condos is that they sometimes can have astronomical HOA fees, which can seriously hinder or eliminate your cash flow.  

The number of people who will be served by the proposed system is 1%-ish of drivers and the cost is astronomical. 

@Vincent PennypackerGo into Loopnet and look -- you'll find TONS How to use Loopnet.com BUT NOT pay for their service.Loopnet has great information, but for the parttime investor, like me, I have found a GOOGLE WORK AROUND that allows me to use their site for free.When I become rich multimillionaire, I'll subscribe to their astronomical monthly rate... until them, I don't feel bad helping you USE Loopnet for free1) Goto Loopnet.com and do your search (I prefer the ADVANCED SEARCH)2) Once you've got the results of your search, identify the property you want to "see" - (Loopnet lets you see a handful for free, then denies you and expects you to pay.)3) COPY PASTE the street address, city, state of the property.

This market is difficult considering the astronomical price of properties.