However, you should always be able to claim a credit on the other state's tax return. 

I'd probably get into long term rentals for tax reasons. 

One of our properties saw a 50% increase in property tax, went up $1200 per year on a house we paid $250k for.One thing I love about Virginia is that the landlord laws make it easy to evict and don't create unreasonable demands on landlords.

if you do 75% ARV cash outs  ( I think you can get that )  figure on at least another 5% in loan fee's closing costs etc .. along with taxs will need to be current insurance etc.

Let's talk about Capital Gains Tax.

Very high property tax rate, crazy high water bills, choking regulation, and bad tenants.

All the benefits of living near CA but no state income tax.

if you can manage to live in it and rehab it over time, then if you live there 2 of the last 5 years prior to selling it the gains are tax free up to a certain amount. 

Thanks to the Cost Segregation Study, the property investors accelerated the depreciation that the first year depreciation was approximately $182,900.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

You may find buying what might appear to be a lesser cash on cash return rental asset that's held long enough to take advantage of more efficient long term capital gains tax treatment, while paired with the benefits of the depreciation might yield a better after tax return than flipping a home.