In my opinion that is bs if you're willing to do the work to fold in the smaller properties.

The rest of my team has just kinda joined the fold as things roll along.

They look like a hollow core oak veneer bi-fold door.

Well actually it was two-fold.

I want to get everything prepared so can present a valid Proof of Funding once I start making offers.My dilemma is two fold.

Ever since I bought rental properties, my returns are ten-fold higher than they ever were before.3.

It comes back ten-fold.

They just "folded" and never told me nor contacted an attorney to represent them.

I'm asking this because hypothetically, if the previous owner purchased the same apartment for $5MM years ago and in the offering memo it shows tax as ~$500-600K, and I purchase it for $10MM, would the property tax increase nearly 2-fold just because I accepted a higher price than what previous owner bought at.

Make a mistake it will pay you ten fold in the future!