Taxes are a certainty regardless of where anyone stands financially, so the yield return of investment referring to the capital gain received will be taxed.

All in all its a good time in many states to make the move and NY does have several cities where the taxes and home prices are not that bad outside of the city.

Hi YungChien, have you found out about tax implications for non-residents?

Property tax? 

@Carlos QuirosCalifornia is generally more cumbersome than other states when it comes to taxes and filings.

TAX Strategy. 

The smaller the community the more likely they are to look to those touristy destinations for precedent, while viewing mass-investment through tactics like arbitrage as a clear and present danger to their quality of life and move to categorically tax or ban all STRs out of existence. 

I am located in London, UK and am looking to purchase a BTL or BRRR this year but am wary of any possible challenges I might face due to my location.Any shared experience would be appreciated, especially covering topics like tax, financing and property management?

You could do Florida, but you'll navigate the HOI issues which have run crazy.My suggestion would be the outskirts of Nashville; no income tax, okay property tax, growing, pretty centrally located, etc. 

Previous homeowner had a lot of deferred maintenance.