If it is not then this is likely The New normal for your tax bill.

. :-) Now, the average length of ownership is 7 years (for normal people) a longer time if you have no where else to go "UP".

We then use this to compare actuals to throughout the year and normally do a reforecast at the end of Q1 as thing evolve and change. 

Thanks for helping me.Regarding my first deal, I am aware that there might be repairs, maintenance, emergency fund, etc. for a normal real estate investment.

Another thing that my brain keeps milling on is the fact that if in a normally purchased deal, I work hard and pay off a 3 million dollar building in 20 years, and then don't pay my 80k annual property tax, I'm going to lose my 3M building that I "own" but somehow don't really actually own.

But you can’t charge for normal wear and tear so the PM is probably being careful about that.

You look at the house, look left around neighborhood, look right, and just tour at a normal human speed looking around exactly as any person coming to tour would. 

Normally around 25% downpayment.

I suspect it will be well used and have high maintenance costs.Software: office of google office, asana, possibly quickbooks (i would normally not suggest for a single rental, but the rent by room compounds things).  

I manage a bevy of STR properties in Costa Rica and from a yield perspective, things have definitely started to return to normal as far as revenue generation goes.