Once you create a legal framework, it has budgetary implications—and states can respond in a meaningful way.”   

I think in order to assess their opinions, first one must understand the framework of their experience.

You'll slowly put together a framework of information.3.

And laws can vary a lot from state to state and even in the same state from year to year.Staying on top of the tax law changes for all different entity types (individuals, corporations, partnerships, etc.) is difficult enough for one state, and it's just not possible to do so for dozens of states.Sure, if I am working with a client in Tennessee on a particular issue, I can do my research and come to the right conclusion, but that knowledge won't necessarily be top of mind for me like it would if the client were in California, and there may be planning opportunities that I miss because my TN tax framework I have in my head isn't second nature like my CA tax framework is.Of course, the issues where in-depth state tax knowledge comes in handy typically don't come up when working with your typically BP newbie.Reason 2: networkAlso, a local CPA typically has a network of professionals that they know and trust that you can tap into.For example, as a California CPA, I have a network of lawyers, agents, etc., that I can refer my California clients to.I can't say the same for most other states, although I do have (limited) networks in those states when the needs arise.Conclusion: look in-state for a local tax professional (CPA, EA, etc.) who is knowledgeable about real estate investing, preferably an investor him- or herself.  

Glass can be easily smashed (plexiglass is strong but too expensive) but there could be a steel grid framework with glass panels. 

Nonetheless, what makes this legislation favorable is its creation of a structured framework and accountability within the industry.

Their framework is solid, the content is solid and they genuinely care about your success.

It's what I'm using as a framework for my STR.

There is a happy medium and I'd rather see a legal framework.

Per the above framework, in North Carolina Charlotte, Wilmington appear slightly overvalued as well at +9% and +6% respectively, though other cities, say Greensboro are undervalued (-10%).In South Carolina, most cities are under to fairly-valued, with Columbia at -15% and Charleston at -2%.