How do you pay for the tax and insurance?

At year end you’ll get a summary and a tax form.

This will also allow you to avoid taxes on the sale.

I'm not sure how attractive the numbers will be however when looking at HOA dues, insurance, taxes & the unpredictability of future costs with HOA dues.

There's obviously quite a bit of diligence that comes after such as who the key principles are and their credentials/track record (both balance sheet and experience), the underlying real estate and thesis behind the investment & tax prep and audit procedures but as a general rule of thumb if the investor can't get past the first part which is understanding what they are investing in, passive investing is probably not for that individual. 

There could be local considerations that are tax and inheritance related.Thanks for the reply Ken.

Is it fair that the county can raise property taxes due to a strong market?

I had to redo everything they did on my taxes. 

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

I made the mistake of letting someone get in one of my first units that was a bit off the 3 times, they were great tenants very kind and enjoyed their stay and experience with me, but could not afford it when I increased the rent on them, which is something you will have to do because of rising insurance/tax costs.5.)