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Posted on 1/7/13 at 11:11 am to bryso
Terrible investment. If you want it for your own fun and to write-off some interest that you're going to borrow anyway then it may make sense. I prepare hundreds of tax returns a year and NO ONE makes money off these, especially in those areas. Property taxes and insurance are so outrageous you'd have to get top dollar rentals in November and December to ever think about making any money.
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