Dont use the same $20-$30-$40 x sqft that you would normally use for a 2500sqft house.

And I can understand the state not bothering about the taxes if the profits are very low at exit (even with lower adjusted basis caused by depreciation). 

Second is that if you use an agent, you have a fair chance of getting the seller to cover their fee which for a deal like that is probably only half what a normal listing fee might be (perhaps 3% of the sale price).

Whether you're retiring at 65 or 85, having access to tax free refinance proceeds and decreasing your cost of capital by 200 basis points is a no-brainer.

However, you normally have to have some sort of business along with asset purchases during the year to do this.

I'm even seeing properties being offered by wholesalers that are taken from the MLS (pending status in the MLS)....Is this normal?

Multiple offers and highest and best offer deadlines are normal in the Pensacola Florida market, and have been for the last several months.

@Rob LeeIs 1% normally good enough to cash flow in DFW?

Employment is like a rocket ship in many sectors.Phoenix has a housing shortage, the homebuilders built fewer units between 2010 and 2020 than normal so the supply (inventory) is tight.

Those above 65 in age may get a further discount(depends on county).if this property is an investment property, you normally won't get a discount on property taxes.Expect property taxes to potentially jump if you recently purchased the property or made any improvements.