As an investor you don't get to file Homestead Exemption so basically you pay about double the tax.

Be prepared to face multiple, competitive offers on all small income producing rental properties.

When choosing the home, be sure it is a property that will produce what you want financially when you do convert to a rental.

@Anthony Russellunfortunately the majority of the tax calcs out there will produce inaccurate results for two reasons: (1) calculating your tax liability can be tough to do, especially if you are a real estate investors or a business owner as you will not see the same net income month over month and (2) the tax calcs that do work aren't tailored to your specific situation.

File now and add any collection costs to their balance. 

Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck Paul 

Subscribe to the local service that publishes court filings.

But I do know that if I do choose to go out of state, I better known darn well why I'm not investing in Tacoma.Another piece of this... is that all the homes I"m finding locally that fit the numbers to produce cashflow (and there aren't many really, inventory is somewhat low), all need some work, or some substantial work.

Please advise as I want to avoid filing taxes in another state for 2015 just for owning a property for last 15 days which did not generate any income.

Every time an applicant hands you a check (or you write a check), the bank account information in regards to account number and routing number is right there at the bottom of the check.I don't need to know credit card numbers but even if an applicant doesn't want to tell me their bank account name/number the first check I get from them I enter this information into their folder just in case I might find myself filing for a bank garnishment on them sometime in the future.Gail