![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2957915/small_1708945024-avatar-tons1.jpg?twic=v1/output=image&v=2)
4 April 2024 | 3 replies
I moved from NorCal to live and invest in Reno, NV because I still wanted to be close to the Bay Area but wanted to have much more favorable landlord/tenant laws, low property taxes (that don't reassess on the sale), consistent diversified job growth, and land constraints for higher appreciation.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2987624/small_1712165065-avatar-denisej55.jpg?twic=v1/output=image&v=2)
3 April 2024 | 3 replies
On the other hand, saving for the second rental property allows you to avoid additional debt but may take longer.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/730103/small_1638998135-avatar-davido80.jpg?twic=v1/output=image&v=2)
3 April 2024 | 0 replies
Consult with legal professionals to ensure compliance and protect your interests.Emergency Fund: Maintain a reserve fund for unexpected expenses, vacancies, or periods of economic downturn.Regular Maintenance: Implement proactive maintenance measures to preserve the value of your properties and minimize the risk of costly repairs.Long-Term Perspective: Adopt a long-term investment strategy and avoid making impulsive decisions based on short-term market fluctuations.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1734304/small_1621515134-avatar-donac4.jpg?twic=v1/output=image&v=2)
4 April 2024 | 42 replies
They specialize in tax deed purchases, rehab, tenant occupy then cash out and refi and repeat the process.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2955675/small_1712280043-avatar-charlesp293.jpg?twic=v1/output=image&v=2)
4 April 2024 | 0 replies
Property cash flows very well and has become an excellent tax shield with my other properties.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2390265/small_1645388782-avatar-thomask280.jpg?twic=v1/output=image&v=2)
4 April 2024 | 12 replies
Its so the State can record the improvement and increase your property taxes .I make a great living redoing work done by hacks .
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2145036/small_1712158640-avatar-autumng6.jpg?twic=v1/output=image&v=2)
4 April 2024 | 5 replies
You need to check with your State, in Florida you will have to pay sales tax on any rental agreements of 6 months or less so check for any possible sales tax liability.
4 April 2024 | 6 replies
Not only that but I also would like to connect with everyone, investors, private lenders, loan officers, tax consultants, attorneys, contractors, property managers ETC.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2133878/small_1694638363-avatar-alyssam59.jpg?twic=v1/output=image&v=2)
3 April 2024 | 19 replies
If they apply by email, I send them a lease on Apartments.com or Avail.co (a lengthier process, but sometimes tenants like to avoid the Airbnb fees).
4 April 2024 | 5 replies
I do not want to take on capitol gains taxes and would be reinvesting all the gains on either a personal home or down payments on multiple rentals.