(Maybe you can "cash out" in areas without state capital gains taxes to minimize the hit, or some other trick of the trade?)

People like that will definitely have a few tricks up their sleeves.

So here is my new trick.  

You can accelerate depreciation benefits through cost segregation, Structure loans for quicker amortization depending on your goals and many other tricks. if you're thinking this sounds great but those are just made up numbers and assumptions.

I would suggest looking in that area, the trick is looking on the outside of rexburg so you don't over pay. 

I don't mind giving a newbie a chance, but I've seen some of them try to push deals on me thinking that they can trick me because I'm out of state investor.Good luck my friend 

Too many "tricks" to make it work. 

Sometimes the trick is finding a duplex with one side empty or even both sides empty to buy.

That Freddie Mac trick is nice for some forms of self employment (sched c, s corp, partnership), but only a model match specifically for commission if underwriting misses something. 

Wasn't sure if I was missing a trick of the trade somewhere ya know to help ease the impact from uncle sam haha