Question about evaluating a deal with prepaid taxes
I'm a newbie in Michigan and property here requires, so far as I've been told, 13 months of prepaid taxes. I'm wondering if I should be figuring that into my cash in cash return since I will need to bring it to close, but will eventually get some or all back on a sale? It is definetely making my numbers lower (sometimes negative in the first year) than I expected, as I'm mostly looking in Oaklamd County, which has the highest taxes in the state.