In signing this Lease, Tenant agrees that Tenant has examined the Premises and certifies that it has not observed any pests in the Premises."

Hello Team,I just closed a property in Huntsville, AL and observed that the property has unusually little higher taxes than other homes.

Flipping would increase your taxes because you have new self-employment taxes to pay, if you didn't use some tax mitigation strategy.Big picture observation: your taxes shouldn’t have increased just because you bought these rentals (unless these rentals gave you huge positive cash flow even after depreciation during the first year). 

It was called Skyspace, a former tourist-oriented attraction that included observation decks and the infamous Skyslide.

At least that’s my non-accountant, non tax-advisor, layperson’s observation of how it works, and of course these numbers are for illustration purposes only.If syndicators are telling you that you can eliminate your tax liability by reinvesting, they should stop telling you that.

Any observations or advice would be very welcome.  

That said, I'd love to see someone do a thorough fact/data based analysis of what @Nina Hayden mentioned which is what I have anecdotally observed as well; days on market and price reductions picking up even in the hottest markets like Austin. 

The key of course (as you observe in the OP) is to have sufficient reserves to weather the storms. 

Here's a few of my observations on the subject:*just bc markets have rallied hard doesn't mean they eventually have to crash, they could move sideways for a long time. 

Rather, they are readily observed by the seller and therefore it stands a chance of connecting on a deeper level with them than simply flinging lower prices around.:)