However you still have the 6% rate instead of the 4% rate which is $9,259.38 which is not the bill amount but than times the millage rate for that area plus any surcharges for trash depending on the neighborhood and town limits.A safe assumption without verifying an address with the county is an effective millage rate of about 500 which means the tax bill should be about $4,629, which is still slightly better than not applying for the ATI and on $187k, 6% is $11,220 and a tax bill of $5,610. 

Hi Sean,For your first property, consider acquiring one in well-regarded neighborhoods A or B.

Not bad seeing as there are 40 other listings in the neighborhood.  

Like all Midwest markets the houses are 60-120 years old, if you buy in "cash flow" neighborhoods - because they look good on your spreadsheet - you'll find out that capex will exceed cash flow over time.

Philly is one of the most block-by-block investment markets in the country so all Philly investors have to know exactly where each neighborhood bends and breaks.

Having thoughts putting an offer in for a car dealership lot in the intercity (Class C neighborhood) that I would like to lease long term NNN.

I take an outdated home and modernize it in good neighborhoods with great schools.

We know it's challenging because so much has changed post COVID, fed rate hikes, etc. but that's how you avoid rehab mistakes, bad neighborhoods, and terrible deals. 

@Noah Bussanich:On structure, something like the Best Ever Real Estate Syndication book by Joe Fairless will help outline some of the basics.Kim Lisa Taylor on these forums owns a law firm that specializes in syndications, and offers a free book, a free consultation.But the term "how to structure" can mean a lot of things.  

You shouldn't touch a Baltimore neighborhood under $200k unless you are a very experienced landlord with class c/d properties.