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I agree with Shane here.

Lots of 1.5-2% rules here.

Personally, I invest in Memphis, TN for 2 reasons: 1) I believe it is the best market for real estate investors for all the factors mentioned above. 2) I live here and if investing in my own backyard of Memphis is a great idea, why would I go anywhere else?...

I was set to start a job here in TX in acquisitions at a real estate investing company. 

I'm wondering what the best thing to do here is.

And, their money does indeed come from private individuals.True private money, which is what most folks who post here asking for private money mean, is an individual you know personally who's willing to invest in you.  

@Tyler Brady, I don't think your accountant is taking a broad enough view here. 

Here it doesn't matter, the owner is stuck with the bills either way.