I paid him half and half went to the debt. 

Right now the portfolio is half rehabbed and half turnkey.

They had been paying those extra taxes for ~10 years since the last tax reassessment.

For some extra context, their lease expires in about 5 months, so this landlord transition happened midway through their leases. 

Thank you for sharing your experience here; it’s a good reminder to be extra careful when dealing with properties like this.This post has definitely made me realize how important it is to double-check zoning and property classifications before closing on a deal.

The pet fee or deposit for the move in of 2 cats (you did charge one, I hope) should have just about covered the extra anyway.

That is helpful, but do you find, like I do, that only maybe half of those people actually appreciate that you went an extra level to help them and answer?

You'd think 60 years would have cleansed all that but it hasn't.You might target social service and local agencies since this property was in the past a half way house or similar and was only converted to market housing to make the sale to you.

Many investors do end up getting their own license because of this, others don't want the liability and extra work.

While I’ve been handling smaller real estate transactions for about a year and a half, I knew I needed guidance to break into this space.