It is a block-by-block city for sure where the income disparity can be huge within just two blocks.We have investors with about 40-50 deals, many of them BRRRRs in the Philly area, since the pandemic.

However, this is my first rental investment with TK and I am out of state. 

It will be my first out of state investment.

This means that for every $1 of rental income you generate, you save $0.35 in federal income tax.You mentioned an Illinois state income tax rate of 7.75%.

and want people who are responsive and have the time/patience to interact with you.Also, search YouTube for what title companies do, how they doe it, and what are the costs in your state and locale.  

I’m going out there soon to get a feel for the state.

Does anyone know of useful meet-ups or events in New York City?

We have changed our language to state the the person renting must be at least 25 and MUST be present during the entire stay. 

FrancisFrancis,I may not have stated it in my post, but that is the similar advice I got too from a Nevada law firm.

I am searching online to see what cities to invest in with price under $400k.