I own three rental properties in Salt Lake, all three are A-B properties, 7 doors total.

Hi AndrewThat's a tough one because tax rates seem to vary from state to state.I'll give you a quick example: Salt Lake City, Utah $300,000 home with an annual tax amount of $2,500.Detroit, Michigan $35,000 home with a $2,500 annual tax rate.Pontiac, Michigan ( different county that Detroit but only 20 miles north of it) $35,000 home with a tax rate of $700 annually.In the midwest and west I see an NOI of under 6%, in C grade neighborhoods.Select areas on the east coast and surrounding region I see NOI's of 9% to 15% in C grade neighborhoods.Property Taxes are the same whether the home is held personally or in an llc.I hope this helps, please feel free to send me any Specific questions and I'd be glad to answer them.Good Luck.

I doubt cash flowing real estate is going to be your thing because of the time demands that it requires, but I've been wrong before, so take what I say with a bit of salt.

I do not wholesale so take my words with a grain of salt.

Hi MarinusI'm not from either of those locations, I'm from Salt Lake City, Utah.

I live in Northern Utah and I have been looking and looking in Davis and Salt Lake Counties and haven't found a ton of deals, everything seems vastly over-priced.

Take everything with a grain of salt, as there are many ways to lose money in real estate. 

Even when using the highest grade solar salt, shampoo and body wash were simply difficult to wash off in the shower.

Andy, please take this with a grain of salt.

But basically, take what I say with a grain of salt. :)Depending on where you move in VA you may struggle finding a move in ready MF property for that price so you may either need to put some of your own capital in there (if that is an option) or do something like an FHA 203k loan to start.