This is why those good CPAs are worth their weight in gold!  

I would love to see discussion on this as it's a goal of mine to pick up a vacation rental in that area as well. 

I purchased all of mine off Craigslist.

I had one tell me "see that house across the street, that guy is flipping it, he'll spend less than I will fixing this one up, but mine will be nicer and I'll sell it faster and make more money and provide a higher quality product to the buyer."  

It recently dropped $37k from $112k.I am not new to construction but I am new to the real estate side of things.I am working with a friend of mine and we both have both have funds coming in.

Your local investor clubs and meetups are gold minds for that.  

I just had a tenant leave after 5 years, so recently listed mine for rent, and there is a lot more competition than 5 years ago. 

For an example I will give you mine. 

I sat down with another co-worker of mine that is 19 years older than me, and he asked for my advise on his portfolio and what he should do.

Mine is a 2 pager as well and only has different terminology on how closing costs are split amongst buyer and seller.