Other people simply do things completely wrong and that "doing it wrong" is commonly labeled as "normal" or the norm.Listen to the data, leave emotion out of it, and crush it!

first thing one should do is figure out if they quality the 2  in  5 tax treatment and if the home has appreciated a ton like 250 to 500k which is very common in coastal markets and Denver for instance.. selling would be far smarter than renting. pocket the tax free and find another rental. turning it into a rental you lose that one time tax treatment which in my mind is the very best for real estate. 

This is common.

Therefore if you purchase in say September, your current years tax bill will be based on the current years value which may be even lower than what you can achieve with the exemption and on investments the value will be updated according to your ATI and will not be reassessed by the county for five years as well as once it is, the increase is capped to a 15% increase in value which is not common and can be appealed which is less often than many other states.Yes, the effective tax rate comes out to a difference of say 0.5% on personal residence to 3.0% on investments, but I would say handling it the right way up front and budgeting for it in your analysis is better than risking it another way.

But you need to learn all about landlord/tenant laws, how to do basic repairs, know what average labor and material costs are for common projects. learn about payment systems, how to interview property managers, tenants and handyman services, build a team of realtors, contractors, title, hard/private money lenders, inspectors, appraisers and soooo much more. 

A common rule of thumb for Return on Equity (ROE) in real estate is to aim for 8-12% or higher.

A story that does not clearly lay out the language of the contract, the dispute and both parties position (which is rarely if ever done) is only positioning for public support for one side to sell clicks or advertising.

Is this common practice?

.: The company who advertised at our REIA was Beacon Recovery Systems in St.

Software is a common question on BiggerPockets.