You should have no problem finding an oceanfront property that covers your mortgage/taxes even with rising taxes.

You are lucky if you get 4% net cap in FL, VS 10% ( ALL my personals are 20% ish net ) net caps. 

Hi Daniel,Flipping in rural environments with limited comps is a risky move, so personally I wouldn't do it as the risk is too high.

I've met Allen in person and he's a very solid person to talk about mid-term rentals with. 

Now I am the landlord and live 2 hours away and switching the payment to be mailed to me by money order or personal checks.

Personally I think I would look at one of the Universities that have a design program.

They have better rates and we are ok buying in our personal name for a single family.

But it is the tax return that will show the conversion of your property from personal use (schedule A probably) and into an investment property - (schedule E or schedule C of your tax return).

Boost Your Experience Level Another key consideration is your personal experience with real estate investing.

The IRS has ruled that depreciation of "1245 property" (the segregated personal property) may also be deferred in a 1031 as long as there is an equivalent amount of 1245 property in the replacement property.