Property taxes too high for rental

[Christopher Valerio]

I live on Long Island, NY where life is great and taxes are high... REAL high. My personal property taxes are about 13k a year. They say that if there are houses being flipped then there is opportunity for a rental. However, when analyzing deals everything seems to be going well until I beging calculating taxes which range anywhere between $850- $1,100 a month on a decent 350k-400k house and rental income will be about 2600-2800 a month.

I guess my question is, how should I go about approaching a deal to buy my first rental property? This is all new to me and I need help weeding through to find the best deal possible. Thanks in advance for all the help.