Companies avoid locations with high operating costs from taxes, insurance, and over-regulation.

The US Government and the States have but one way to deal with this, taxes.

Secondly, the only thing that really matters is how much winds up in your pocket AFTER the property is sold, fees are paid, mortgages are paid off and taxes are paid. 

My question is, what is the best way to describe this scenario for tax purposes.  

She's been on the Tax Panel at BPCon with me for the past few years.

Would using the property tax assessment for 2025 be a good value to start?

I have just received a draft of my tax return with the schedule E.

I wouldn't touch anything outside the urban core. if your strategy is to buy existing and old I'd recommend not to. as a newer investor depending on your liquidity look at build to rent development. building investment properties below market value by 25% and refinancing out of it to do it again. the urban core has tax abatements as well that are 15 years right now you can apply for. that means that taxes will be around $600 to $800 per year. there's cash Flow but the existing inventory market dried up a few years ago in the urban core. local realtors are going to push you to the trash areas like hilltop, south linden, etc because it's the only place numbers work. columbus is great, but remember a tenant who pays $1800 a month is different than a tenant who pays $900 a month. let me know if I can help any other way! 

During the term of the contract, are the taxes the sellers responsibility, and should be factored into the payment?

Texas notched another technology win this week when Apple said it is planning a new 250,000-square-foot factory in Houston to make servers for an artificial-intelligence system.Tech investments are transforming the Texas economy, often via companies from California in search of lower taxes and fewer regulations on land use and labor.https://www.wsj.com/business/texas-tech-industry-move-26f9e7...