Buying rental properties out of state

[Kevin Lanphear]

I live and own my first rental property in GA using Mynd property mgt company. However I know there are many other better cash on cash ROI markets out of state (maybe FL TN etc) and just wondering what to consider if I do look outside of my state.

How do taxes work regarding when i report any out of state rental income, and is it better to focus on lower tax states or how does that work?

By the way I would still use Mynd as my property mgt company out of state because of their value and rates.

I look forward to your help fam!

[Austin Largusa]

@Kevin Lanphear I close on my first two out of state rentals next week

I live in CA and one is in Clarksville TN, and the other in High Point NC

I honestly didn't look much into the tax implications. I just focused on which markets made the most sense for me and pulled the trigger 😁 because I know its the wise decision in the end