Below is a comparison of average annual property insurance and property taxes for 5 states:Texas: average insurance: $2,536, property tax percentage of value: 1.68%New York: average insurance: $1,418, property tax percentage of value: 1.40%California: average insurance: $1,839, property tax percentage of value: 0.75%Nevada: average insurance: $1,144, property tax percentage of value: 0.59%Florida: average insurance: $2,207, property tax percentage of value: .91%To put these costs into perspective, below is a comparison of the annual cost for a $400,000 property.Texas: $2,536 + 1.68% x $400,000 ≈ $9,256New York: $1,418 + 1.40% x $400,000 ≈ $7,018California: $1,839 + .75% x $400,000 ≈ $4,839Nevada: $1,144 + .59% x $400,000 ≈ $3,504Florida: $2,207 + .91% x $400,000 ≈ $5,847Sources: Homeowners insurance, state average property taxesIndirect costs: Rent control is a hidden tax that may limit your ability to select the best tenant, remove a non-performing tenant, and increase rents enough to compensate for inflation.

Vacancy rates may also rise slightly under this scenario.The retail market's performance will depend heavily on broader economic trends, particularly employment growth and consumer spending patterns.

It is common in GP/LP deals the straddle or hurdle allows for the developers performance to earn him a better return.

Hi all:I’m considering buying an STR in midland and/or Odessa and wondering, for those familiar with the market, how is it performing?

When building a team, I would always start with a great agent first so they can connect you with other top performing service providers. 

No one can accurately predict in advance whether a particular vintage year will be good or not.

Understanding your local competition is critical to success and will allow you to accurately price and furnish your MTR.

How accurate is this number?

Would you say that's accurate? 

But you wouldnt want the "extremely gifted" medical student to perform brain surgery on you if they have never done an operation before in their life right?