In my limited experience, the most successful people (those that I would want to mimic) don't run guru courses, because they are making more money from doing versus "teaching" others.And in this case, where their value proposition is the network, my assumption is you are going to be in with a lot of other beginners.  

Yes, its extremely complicated and a lot of the value proposition is full time attorneys with expertise and tactics in the relevant local courts - called "Sale in Error" pretty much in line with what you just described. 

California has Proposition 13 so our property taxes go up 2% a year from the original tax base (of when acquired) so long time investors from pre-2008 and going way back to 1960s to 1970s are doing well if charging market rate rent. 

I've been involuntarily following this thread as I replied to James Carlson's comments about Mexico so I'm adding my two cents to the conversation when it comes to other areas.Rental real estate investing in the US normally seems to be a long-term proposition, especially if you take the risk of a 30-year mortgage.

It’s much scarier of a proposition for me to face my later years punching a time clock as an old man orvon a program ..than managing low income housing and dealing with poor people .

The area's growth potential and increasing property values made it an attractive investment proposition.

Property tax was reassessed.  1 year to unwind and may not be able to as Assessors Offices are backlogged thanks to Proposition 19. 

That's a $100k value proposition to the customer.

That's a $100k value proposition to the customer.

I can refer you, if you'd like.That said, the others are right - you are quite close to a break-even / lose money proposition on this deal unless you can minimize the costs to finish it and sell it.