Because sure, all CPAs worth their salt will know how to get around in all states.But there are some pros to working with a local CPA.Reason 1: state tax laws are differentA local CPA is generally very well-acquainted with the laws in their state.  

Take what I said with a grain of salt - if you find a great deal in Tucson, you will make money.  

Last year, my husband and I purchased an investment property in Salt Lake City that we turned into a short-term rental.

I'm not a lawyer so obviously take what I say with a grain of salt, but from everything I understand, no, it is not mortgage fraud.

@Daniel Netzer what kind of salt water hot tub do you have?

In relation to what @Ali Boone mentioned, she is right - you should take with a big grain of salt all the advice you get for free, from the internet.

If they haven't achieved the goals you hope to achieve for themselves, then take it with a  grain of salt.

The salt water/air makes every wear out faster.Mike

Cons: TAXES (holy cow taxes are high on the cape), high cost property (median is now around $650k I believe, expect to pay closer to $1.5M minimum or much more for the more desirable locations such as on the waterfront), relatively short season with summer being the time when you’d make the bulk of your earnings (although it’s less seasonal than you might think and units will rent relatively well all the way up through Christmas before demand finally does drop off a cliff), high utility costs (don’t forget to factor in the cost for AC at a beach house, with doors opening and closing all day, in a region with high cost/kWh for electricity, also expensive to heat in winter), hard to find labor (major shortage of cleaners, tradespeople, etc on the cape currently), high property maintenance costs (beach houses take a beating: sand, salt, big parties, hurricanes, tough weather, long winters, etc. and expect to pay a premium for both labor and materials on the cape), HOAs (high fees, rental restrictions), traffic, taxes, and taxes.

I am not in the laundromat industry, so take my initial thoughts with a big grain of salt.