Hi all — I've been reading and listening for a few weeks now, but haven't dove into posting anything yet, but I've hit a problem and am turning to the community as so many times suggested.Nerdy questions, but I'm trying to calculate future real estate taxes for a property in New York City using the NYC Department of Finances' method, which uses their set cap rate applied to NOI to come up with a market value that they then apply a tax rate to.

If the tenants or one of their nosey friends reports the property to the city or health department then it will be a huge headache for you.

Dear ___My name is Mark and I’d like to buy your property at ___.I am a local investor looking to buy a house in your area.

This is a rough estimate but it looks like it should cash flow.2900- rent1300 mortgage232- Vacancy232- maintenance232- property management511- property taxes100- insurance=2607- expensesCashflow +333 a monthIf you do plan on developing the property further you will need to check with city zoning department. 

There's a federal tax incentive:A taxpayer may claim a credit of 30% of qualified expenditures for a solar system that serves a residence located in the United States that is owned and used as a residence by the taxpayer.The LADWP (Los Angeles Department of Water & Power) also offers an incentive which comes in the form of a subsidy for the electricity you do get from the grid.

I am waiting for the fire department report....this is such a headache LOL

@Jerry W. this is my letter ...Dear Homeowner, I am writing to you because I am interested in purchasing your home.

However, after repeatedly asking several departments and asking for a Payoff amount (which has been posted by my mortgage company as just the 1st) I STILL need to clear the 2nd with the same mortgage company. 

Being head of the IRA department at my full time job, I know darn well that anyone can convert a Traditional to a Roth through your standard accounts at the bank.

@Jake Holmes unless you know for sure that the fire department would take the trailer I don't think that's a viable option.