Thinking about buying this Multi in Pueblo

[Alex Jacobson]

I would pay cash, the cap rate is 8.2%. rent is $2650 a month purchase price is 295K. What am I missing? it sounds too good to be true. May be looking for partners or someone to buy the property. 

[Bill B.]

Make sure your taxes will be $400. They may be under a cap, they may be discounted for an owner occupant, etc etc. NV is one of the cheapest states in the country for property taxes but a $250k property would be facing about a $1,200 tax bill. 

There’s a reason the seller is selling, what is it?