property taxes?

But if you decide to sell to invest closer to you then a 1031 exchange can keep any tax-deferred while still maintaining or increasing appreciation and depreciation. 

I typically charge a consulting fee equal to 6% of all collections.Happy to answer any other questions you may have!

Are they willing to provide a few months of bank statements and last years tax return showing matching income?

Ensure you have a property management strategy for when you return to Charlotte.Legal and Tax Considerations: Consulting with a tax advisor and a real estate attorney will help you navigate tax implications and ensure legal compliance in both your investment and rental activities.Short-term Investment and Return Plan: Since you plan to return to Charlotte after a year, consider the short-term nature of your investment and its implications on your overall strategy.In summary, your strategy has potential, but success hinges on careful planning and navigating the financial, legal, and logistical aspects of real estate investments.Good luck with everything,KC 

If the basement was finished it would be about 1,500 sq. ft.Option 1- Fix & RentCost of Repairs: $10,000 (Estimate to get the house rent-ready, would leave the basement unfinished)Market Rent: $1,100Monthly Profit: (Rent $1,100) - ($700/month) - (8% property management cost is $88) = $612/month Other Benefits: Tax write-off, continued appreciation, continue to pay off mortgage, risk-management against my other rental property, passive income.

unfortunately, our STR in Clovis revenue are now negative -- in the past yr, Clovis started asking for occupancy tax. this cost us $1300 every quarter .  

I am using TurboTax for my taxes, BTW.  

I only gross $5600.. after taxes, benefits, 401k. its only  $3800 a month.. and if I take the 401k loan that's another $1160 out of my check 4.

The associated costs, such as increased insurance and property tax, could pose a challenge under this model as well.