Property taxes eventually eating into profits?
Hello guys just wanna throw this out there to see what you think. Let's say I buy a two family house that generates about $800 profit every month. That's after all expenses are paid. The taxes keep going up yearly. Aren't those taxes going to go up enough in let's say 20 years that the property is gonna stop generating cash flow? What happens then? This seems absurd. Am I missing something here?