Just to add a little perspective.  

I discovered BP about 3 years ago and it has definitely given some perspective.

It's important to have the advice and perspective of an industry old-timer, in my opinion.

certainly understand your perspective .. 

Meet with the PM and see it from there perspective.

Because done-right, you can double that portfolio, get into a fresh 0-cap-x cycle for next ~5yrs, leverage for sub-market rate on leveraged capital, AND get cash-flow very rapidly thanks to ~40% down positioning. 

And very important: most of the fresh water in the world.Also, MN has become landlord-unfriendly.

To give you some perspective on what those tax increases can look like here are some examples of the changes based on some of my properties that I own in the city:$4096 -> $5522 (+1426)$3850 -> $5516 (+1666)$3835 -> $6283 (+2448)These are only some examples, but all of the properties that I own have increased in its tax assessed value, therefore drastically increasing the taxes per year and decreasing annual cash flow.While tax assessments are normal it seems that this is a very drastic effort to recuperate losses.

I get my increase sooner and lock them in for a fresh 12 month period. 

I've considered this scenario from the perspective of the cash investor for the down payment.