I am an active duty army officer that has lived in many states.

Well, the tenant finally left on May 31st, but the drama has arrived.The first unfortunate fact that is important for context is that the tenant has purchased a house almost directly across the street from the rental property and will be moving into it soon. 

And although I have not looked into those areas very much, plenty of active investors on here swear by these markets.

PROS: house is super affordable, some houses on the street are being renovated, move-in ready, I could force appreciation if i wanted to (i.e. easily add a 2nd bathroom, minor updates) and neighbor is up and coming.CONS: 1 bathroom that is jack/jill style (guests would have to walk though bedroom to get to bath), water heater is 15yrs old., sort of funny layout/small kitchen some houses on street are a little unkept.View report*This link comes directly from our calculators, based on information input by the member who posted.

We recently bought a 5-unit building on NW Kearney Street (right by the hospital) and have an opportunity with our largest unit (+/- 1500 square feet with a private deck and parking spot) to update from a 2/1 to a 3/2.

In a dubious market, I know it pays to have the nicest unit on the street.

I am simply using more precise language.I do this because Unrelated Business Taxable Income (UBTI) is generated when a tax-exempt entity engages in a trade or business on a regular or repeated basis (i.e. flipping houses or other types of dealer activities). 

I'm pretty active in KC and can say that there is no shortage of buyers. 

:@Dylan Mejo This is the only one I’ve come across recently that appears to be off market. https://glensfalls.craigslist.org/reb/d/glens-falls-investor-deal-glens-falls-2/6812515266.html180 Montray rd in queensbury has also peaked my interestI’ve seen those, Lawrence street duplex is not really even offered at a discount for the work that is needed.. plus it’s on the iffy side of town.

With these entities, any profit earned from the rental activity is “passed through” to the owner or owners’ individual tax returns and they pay tax on it at their individual income tax rates.Thanks.