So both the cap and the homestead exemption will come off, and the taxes can be, probably are, significantly higher than the previous year’s taxes on the former owner.And 2015 taxes are likely to understate taxes even more, being so old.See if your county assessor has a property tax calculator on its website.

Oddly enough, I have yet to see an error that understates return...

Be Generous, Be Understated and Be Useful

It simply means that if you are selling real estate (as defined under state laws) then you must also buy real estate. 

There are exemptions under state law, but know the law before you go talking specifics with people you don't have a pre-existing business relationship with. 

one bedroom apartments are taken mainly by transient men if you look at the rent rolls for that quad they're all one beds you will find that there's High turnover and partial pays another words some percentage of those four units don't pay the whole month's rent on time they pay fractions of it through the month look for eviction expenses that aren't reported turnover expenses that are understated replacing stolen appliances.a multi-family deal like this is priced as follows take the annual gross actual income not the potential income but actual income multiplied times .4 that represents a 60% expense ratio.

The difficulties in management cant be understated.

Personal Finance is something I am a huge fan of myself, and can not be understated how valuable it is to both real estate investors, and the general working person themselves. 

The IRS usually doesn't care if you understate your deductions. 

Then understate costs.