However, I'd advise steering clear of Harris County, particularly in Houston, due to the excessively high taxes.

For the tax questions, I would hire a CPA :) Best of luck to you, and I respect the creativity!! 

Any tips on how you manage all of your Ohio rentals while living in Florida? 

How are my taxes calculated and what years would I pay for the profit I make?

Judging by the many recent posts on this forum, my title should attract a wide audience :)Is April 15th the last day to file my taxes?

I'd search in/around campus for a 5 BR and see how hard it is to find one.If scarce, I'd start w/ 5 BR listing first.Some additional tips here:Nearing 1,000 College Students: Here's What I've Learned

(Rental loss = repairs or renovations exceeding rental income) If you are a high earner, you generally want to get advice from a CPA that understands real estate income & taxes, but here's a few thoughts:1.

I am very curious at the STR loophole for tax purposes.

I will wait until we've held the lot for at least 1 year to avoid additional taxes owed per my CPA's advice.

:) Consider it my tip of the day....