The reality is the assessments are correct, but when you do the math based on the tax rate (which in most locales has also gone up) our property taxes on our properties is up an average of over 10%…I know some will say “fight the assessments” but honestly I think some of them may be low (and truth be told I would guess less than 5% if people contest assessments).I am curious, have others started to receive their assessments - and were you in sticker shock?

@Brook WarrenYes, this is the reality of the current market environment.

If you are claiming to S8 that are suppling them and in reality the tenant is...that could get you into some fraud issues.

Also regarding 3d - you still have to deal with plumbing and eletrical in wall rough ins etc. most of what is built is also very small and reality is it could have been framed in a similar amount of time. 

If so, sounds great -but the reality is that this means they are only going to list it on their website and maybe Zillow, but not on any MLS so other agents can see it and bring prospects (because agents expect 50% of one month of rent to do this!).

I a perfect world yes but in reality and in a judges eyes... if someone is on lets say a 5 year lease and they want to leave in month 2.... there is nothing you can do to stop them nor can you go after the 5 year payout, the most you can do is keep their security deposit but even so... that is not a given.

An Option that is closer to you and affordable is Vegas.. some of the lowest prop tax's in the country no big weather extremes find newer homes and ready rental pool.. with mid term rentals a reality. 

The worst decisions I have made in my life is when I refuse to see life and reality as it is and instead decide to make decisions on how I wished life was. 

In reality that's not bad at all considering you only have 32k into a deal that is fully renovated and you have another 25% equity in it. 

The reality is the tenants are paying for it indirectly through their higher rent.