My question though is that if the most recent property tax is based on the previous sale price, if your purchase price increases dramatically then wouldn't you get a huge spike in taxes?

Account Closed  sounds good.

Is anyone having any success with a Central Indiana accountant that understands real estate?  

Next on deck: tax benefits and cash out refinancing.Kevin Barbera

I'm currently working with a hard money lender who initially had some great terms for my business partner and I, however, we ran into a little bit of a problem due to some tax issues with my business partner.  

Primary Team members are Attornies, real estate Agents, CPA's (or accountants), Inspectors, General Contractors, and Handymen.  

I created my account a while back, but never got to it.

Thanks Account Closed for giving quality advice n response to post BP members may put on here.

If not, which person's checking account was used for the security deposit?

What hurts Investors that use this formula is it does not account for Holding Costs, Backend Selling Costs, etc.I use the following formula to determine my Maximum Allowable Offer (MAO).