He also gets to enjoy California's low property taxes and high appreciation which has worked well for him. 

@Thomas TalbertI recommend finding a tax strategist specializing in business taxation and business tax planning.

I don't know about Ohio but my property tax rates are 2.77%.

. #1 - you have to explain what it is like  : "Hey i see this is your vacation property or rental property, how would you like to reduce your capital gains tax? 

You can successfully and fairly easily manage an STR out of state, however for your first one I think it can be helpful for it to be within driving distance (3 hours or less) and it will simplify filing / paying for taxes and tax preparation.

For example, they might want to know things like your credit score, just to know whether some loan programs are worth mentioning or not.Just be respectful of their time and you'll be fine! 

Tax returns and w2 paystubs?

Once you close on your property:- You need to get a Phila tax IDhttps://www.phila.gov/services/payments-assistance-taxes/tax...- Then you need to register for a commercial activity licensehttps://www.phila.gov/services/permits-violations-licenses/g...- Once you have a commerical activity license you can finally get your rental licensehttps://www.phila.gov/services/permits-violations-licenses/g...All of the above will be done using the eClipse online portal systemIf your property is built before 1978:The system will kick back your application and you will not be able to get a rental license until you get a Lead Safe test.This is when you will hire a licensed 3rd party to come out and doing a lead test for you.

Thank you, Jay.In my limited understanding of interest taxing, there are states which do not tax such income.

When large companies, like Home Depot get hacked (40,000,000 customers) and they offer 12 months of credit monitoring, as their way of making things "right" - that's not enough to offset a lifetime of a compromised identity and all of the headaches the come with it.