If this is a conventional loan you'll probably have to move up the food chain a few notches.

Without subsidies to the oil industry, it would not only cost you 4x the cost to commute to work, but you'd also pay higher prices for just about everything, including the food on your table, which is grown and packaged with petroleum products.  

Please RSVP by Friday afternoon so we can get a good count for food and drink.

Love taking a bike ride from my place over to Khmer Kitchen for some good Cambodian Food.

Not the out of state strategy you are looking for but food for thought if that's an area you are already in.

If it is focused on the lifestyle of the Mexican Caribbean and having a vacation home a couple of hours from where you live now, Tulum is a great option.I hope this information helps you and feel free to text me if you need any further info!

My German Shepherd weighed 76 pounds at 10 months on a normal dog food diet.

Just some food for thought. 

@David LutzJust adding more food for thought from a non-tax perspective... a lot of states have rules about who or what can be a property manager in that state, often requiring a real estate broker license or similar to be a property manager (not sure what states you are invested in). 

I heard a guy say that 4% cap was a great deal on a buy and hold in NYC and I almost choked on my food when I heard that LOL!!!!