Also common areas that need maintenance, lighting, that will be on your bill.- Inspectors: definitely make sure everything is to code.

When I reached out to him regarding outstanding bills, he never responded.

Quote from @Bill Hampton: @Genesis DuncanWelcome to Bigger Pockets.

You can't confirm their rental history, how well they pay bills, etc.

This is In a state with no income tax, low maintenance homes, and a low federal tax bill due to depreciation. 

Use cash flow to pay personal bills (wife is pregnant and I want a safety net).Mid term: 4-10 residential properties over the next 3-5 years as capital allows.

I'm currently considering whether to 1031 a couple of rental SFH's I have in the DFW area over to Vegas.Having lived in an owner-occupied house here for 3 years now and looking at my Clark County bill:- The assessed value is only 25% of the current "quick and dirty" market value (Redfin, Z)- There's a line item where property tax rate appears to be 3% of the assessed value- ... however, another line item subtracts a lot from this because of the lag from owner-occupied increase cap percentage of 3% annually (if I'm understanding correctlyAlso, despite changing hands 3 years ago, it's interesting that the assessed value didn't get re-assessed to the purchase price back then.

As you may know being local, SB249 is the bill that came up as a defense against towns like North Conway trying to shut down STRs, but it ended up in zombie state due to the sheer nature of diametrically opposed views on the matter and Governor Sununu’s push to do better than what the bill ended up proposing.Some details here: https://legiscan.com/NH/bill/SB249/2022As with all areas in New England I encourage investors to start thinking of oversaturated STRs markets as expense offset versus cash flow properties.

You could read 100 books and still need to learn more because certain things must be learned through trial and error.

property tax 11000 home insurance 5000 monthly bills 4800 yearly cost 20800 rent 3500 mgmt fee (20%) 700 net rent 2800 yearly net rent 33600 profit 12800 property value 700000 % profit 0.018285714