As an out of state investor this has been helpful to get some insights from 3rd party sources. 

Local knowledge is KEY)"Wow, you've got a lot of local knowledge.

And a 75,000 LOC to tap at my disposal(rest of the equity from SFR)Since closing last week: I got 2 keys. 

@Mehul ParekhAll interest to buy an investment property is still deductible, no matter what the source of the money is.It just needs to be clearly traceable to the property bought.

Hi there - I'm completely new here, but I have a rental property in Indianapolis that I purchased turn-key.

Finding off market deals is key.

There is still good money to be made in AZ, FL, GA, TX and other states, however, picking the right submarkets is key.

@Matthew WardYou are correct - Florida does not have an income tax on individuals.If you operate out of state - a portion of your income may be sourced to a different state.You may be required to file a non-resident state return in that state.The Federal tax return reports income that you earned from worldwide sources.

A few key pieces of 504B.365 Subd. 3(d): (When sheriff returns a 2nd time to move out the tenant--different from where the tenant "abandons" on his/her own prior to sheriff return move out)-The landlord has specific personal property inventory and tenant inventory notice requirements.

I'd be replacing the entire heating system anyway... wouldn't that be nice if it was a good source of the smell.