I tried like 6 things at once and didn't do any of them well, took me a while to figure it out, and saying no early on will be a big help.

I was planning to send letters explaining the higher cost in taxes, market rents in the area, and then offer a gradual raise to meet in the middle somewhere.

I have no interest, and neither will a majority of investors. 

In my seven years of investing, I’ve only partnered with my wife and my father and have no plans to change that any time soon. 

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

It has been a very bad and costly experience. 

They accept it as a cost of there decision. 

Outside systems like plumbing, sewage, and the water heater should be in good condition, and make sure there are no signs of pests.Additionally, look into property taxes, insurance costs, and zoning laws that could affect future development.

Maintenance can really be costly.  

I know the tax hit isn’t ideal, but I’m wondering if the long-term cash flow benefits outweigh the opportunity cost.