We have to accept a biased opinion of value in order to base all other factors.  

Live Tax Free Forever (through Your Solo 401K) (A Party Island Book) .  

And that rent control may be a factor in the near future. 

I'm doing this with duplexes, triplexes, and quads, on lots with yards and solid zoning, so that if the party continues forever, I can scrape and rebuild, selling at a huge profit, and if the party slows down or we all get a hangover, I can survive on the cash flow until it gets going again. 

Taxes will play such a small role in your two different scenarios that they should be a minor factor to consider.When asking about taxes, better questions would be:1) What asset class yields the best tax advantages?

From there, you can determine what components are priority, and how much of a factor location will/should play into that.

Adding to the appeal of the area is the development of Silverdale which has added a new shopping center that features Forever 21, Total Wines & More, & Chipotle; and renovating older shopping centers that have brought in notable stores like H&M and already hosting Kohl's, Macy's, and Barnes & Nobles.

My interest stems from different factors; I'll try to expound, and I apologize that it may be a bit verbose (this is where you can be happy to NOT be in my head ;-). 

When you run your numbers, make sure to factor broken windshields on your ball collection tractors.

Not too hot (aggressive), not too cold (forever), it's just right!