I was just notified that a property that has been in my family since the 1950's has been foreclosed due to unpaid property taxes (under $3,000). 

The taxes on condos are much less than on home's especially in cities.

I like to make mine on an amortization schedule like a mortgage so that i am paying it down the same way, PITI (principal interest tax and Insurance).

For you accounting types;I was going through the 12 month P & L (cash basis) of my property (39 Unit) and found that I did not fully understand the delinquency line.

Thanks, Account Closed feel free to reach out when you're ready. 

@Steven Mayer and Account Closed Calgarian who moved to Texas (1.5 years ago) and invests in multifamily in the US.

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Look at the zoning regulations and how it relates to parking requirements and new development taxes for new construction in light of what new construction demands in rent levels verses renovation.  

Find/Hire a Team full of members who are professionals that can do what you don't like.The preliminary Team members are Attornies, real estate Agents, CPA's (or accountants), Inspectors, General Contracors, and Handymen.  

Thanks Account Closed, what kind of company typically does these types of inspections?