It's a good question. 

What are good characteristics that makes them look attractive?

My best advice is to seek out a good real estate attorney that can discuss the ends and outs of investing in the islands.

Investment Info:Single-family residence fix & flip investment.

Investment Info:Single-family residence fix & flip investment in Pflugerville.

Investment Info:Single-family residence fix & flip investment in Pflugerville.

Maintaining good credit for favorable terms, larger down payments for better rates, managing debt-to-income ratio, comparing interest rates and loan types, projecting cash flow, understanding property preferences, exploring loan programs, maintaining financial reserves, planning an exit strategy, and seeking professional guidance.

Set of facts:- Lived in a residential unit as a primary residence for a number of years.- Converted to rental and depreciated it for 2 years.- Sold in 2023.- Purchase price: $250k- Sale price: $350k- Depreciation: $9k => Roughly ( ($250k*.50)/27.5yrs) *2yrs)- 2023 marginal bracket: 32%What is the proper taxation?

So, neither of those options is good.

Good luck