Use the market value multiplied by the tax rate for that neighborhood to calculate your annual property tax.

The 15% is added to the gross income then I used a net income multiplier based on current market value to forecast appreciation.

In other words your dollars multiply faster.Whether or not you should pay it off fast depends business goals, risk tolerance, interest rate and how you would use the money if you didn't pay off.Two thoughts come to mind when getting advice from friends.

Debt avalanche I don’t know if I missed it, but the difference between the two are: paying on the most interest vs. paying on the smallest and working your way up.

In every case the appraiser used market rent multiplied by the number of units in the complex. but they almost always state that they will validate market rent with comparable market rent from a source other than me. 

Multiply that by an entire household.

So, multiply this by "X" properties and you're adding staff and resources to manage this I assure you. 

-Be extremely careful about deferred maintenance, items adds up very quickly when multiplied by 172.  

This is also multiplied through the subs, the subs are doing the exact same thing, prioritizing the jobs that are profitable to work on and deprioritizing those that aren't.

Bob Bowling , that number represents the cap rate once it's been multiplied by %100.