It’s a great way to build long-term financial wealth in real estate.I wish you all the best.

Lenders will evaluate the property based on the Debt Service Coverage Ratio (DSCR) rather than personal income, so they’ll want to see consistent revenue covering at least 1.2-1.5x the monthly loan payments.

Quote from @Tom Grieshammer: @Anja SchaerIdeally I’d like to scale up as fast as I reasonably can for the next 5 years and evaluate my situation then.

.: I want to preface I am not a financial advisor, CPA, tax advisor, etc. 

Many services only provide basic credit reports, which no longer include judgments and liens—key indicators of financial responsibility.

We use a 3rd party financial analyst to review the operator's business plan and financials.

We’re currently using it for multi-family properties in a few core markets.While redIQ is a much more sophisticated tool that focuses on properties with over 50 units, our system is perfect for properties up to 50 units, providing an efficient solution for managing lead intake and financial analysis without the complexity of larger systems.Here’s how it works:Lead Intake & Processing: Automatically processes broker emails and key documents (OMs, Rent Rolls, T12s, etc.).Quick Review: Evaluates leads based on key metrics like IRR, price per unit, and more.Detailed Analysis: Extracts data from documents, evaluates financials, and identifies additional income sources.Market Research Integration: Automates checks on flood zones, demographics, school quality, etc.Deal Tracking: Uses Google Sheets to visually organize lead data—while not a full database system, it provides a simple and efficient way to store and track deals without the need for a full-fledged database like MongoDB.Financial Analysis: Built-in underwriting and financial modeling with automated reports.In addition to ZCG, I also own a portfolio of properties.

Seems that you are most focused on property taxes at the moment, but all of them really need to be evaluated for a complete picture. 

New investors might think they are salvaging an investment when in reality, they might be complicating their financial situation.Ultimately, the decision to cut losses is not just a financial one; it involves a careful assessment of emotional factors as well.

Evaluate the downside of both markets.