Singles are valuable in the baseball game... sounds like you just started the game with a solid single, that may turn into a double/triple over time.

(The tax rate is literally triple DC's rate).

Make that a "triple vote". 

Double or triple of what exists today.  

I bought primarily when the markets had more room to grown, so my turnkeys actually have all doubled or tripled in value.

The removal of the Taxable Value cap and the switch to Non-Homestead millage rates can double, even triple, the property taxes.

Quote from @Chris Fasullo: Anyone know any lenders who will do a refi or bailout with a lis pidens on property, at about a 65% ltv in ny rental property  You could look for a private lender, but with it being in NY that will be more challenging, if its in a borough that triples the challenge.

@John Matthew JohnstonI feel you are justified but would likely charge triple what you have in most places.

Ya it's pretty nuts, showings getting triple booked and having to crawl over other Realtors to see a place.

Personally, I would buy something in Indiana partially because the taxes are constitutionally capped for commercial at 2% which allows you to easily underwrite a triple net deal.