The income will not be taxed in two States. The most common complication in purchasing out of state properties is the management. You must become an expert at managing management companies to ensure your properties is receiving top notch attention with regard to rents, maintenance and collections. As my portfolio grows I plan to install security cameras that can be accessed remotely on all my out of state holdings.
Andres Garcia
305-496-1776
http://www.linkedin.com/in/citysideinvestments
Jan 22, 2009