Allegedly every time the tenants would ask/agree to raise rents.

Investment Info:Condo buy & hold investment in Cameron Park.

Frankly, I'd be pissed that the Seller's Agent contacted you about this WITHOUT showing you (a) how the calculations were completed with an explanation of how they arrived at the "overestimated" property tax credit and (b) the new and allegedly correct calculations with an explanation of how they arrived at the correct property tax credit.IF you were represented by an Agent in the transaction, the Seller's Agent should not have contacted you directly.In Illinois, if you were my Client, the Seller's Agent would never contact you if you had an attorney at closing.I don't mean to be rude but I hate it when people like this Agent makes a statement that you owe her Client $$$ but she can't give you the amount and she doesn't really know that you should actually pay it, which is why she hasn't explained it to you.Personally, I would email her back with an "email my agent" or "email the title company" message and then wait, so that you don't do all the work trying to find out what this is all about.AND don't agree to anything as there are a lot of variables involved, which will probably include the Seller predicting that a tax rate will change or the assessed value will change (perhaps not since I am unfamiliar with Texas property tax procedures). 

Sorry to hear about this Shaun,Above all, I would make sure you know the law in LA, because that will supersede whatever is in your lease.For example, here in Oregon, you would have to let her out of the lease if there's an allegation of DV.

@Cameron Braig thank you for the advice!

Quote from @Cameron Moore: As far as insurance goes, you should be working with a broker to keep your insurance rates as low as possible year over year.

Jose,I echo Cameron's recommendation.  

Hi Cameron, I am not sure about the rental aspects of wholesaling this one.

@Marcia Maynard and @Andrew Cameron thank you both for your input.

@Cameron MarmonI'd sell it and try to buy something cheaper if you want to be a buy and hold investor.