But at the end, you buy wherever you are comfortable with - financially or any other myriad, personal reasons.

I need help with putting in place a structure to help me deal with income taxes and maximize my returns.Thanks in advance! 

There aren't too many properties in my area that jump out to me as comfortable to live in or that are turnkey and ready to be rented. 

These are all part of the expanding process in our minds, however we may niche down on one or two of them until they are built to a point we are comfortable with.

@Alyssa CzoporHey Alyssa - I think your first investment should be whatever you feel most comfortable with managing.

My parents always taught me to not do anything that I wouldn't feel comfortable explaining, so I declined and just went with an investment loan for 25% down and a much higher rate.

I am comfortable with this because we are in a community property state.   

If you’re looking to really maximize short term rental profitability and Galveston is your place.I would consider Austin a second runner up since they have such a great music scene and so many festivals. 

It asks 7 questions to help you zero in on a limit of insurance that you could feel comfortable with.

FHA or bank if they will finance it, I feel more comfortable.