I think thinking of the tax before the structure is a bit of putting the cart before the horse sort of deal.   

Details  Listyed as a "4 Unit" is really a 4 sfr row homeasking price 168,000rent rolls are total $2,500 which is under market by 100 to 150 per doorhas a 5 stall garage that is not being rented out and the tenants are being allowed to use them free and clear this will change too taxes are 9,000 per year which covers trash and water on all unitsRoof is 10 years oldall units have been upgraded to breakers from fuse boxes1 furnace needs to be replaced ( Low cost due to I have a friend that does Heating and Air and My uncle owns a wholesale HVAC company.My challenges are 1.

For example, an emotional support horse in a small city apartment.4)If making accommodations for the emotional support animal places an undue financial hardship on the landlord.If the animal causes damage or becomes a threat to other tenants in the building.5)If the tenant does not meet the qualifying standards the landlord has for all tenants, such as having an income that is two and a half times the monthly rent.2

After reading all of them and talking to a few banks/investors, I realized I was putting the cart before the horse.

I feel I put the cart before the horse getting it repaired. 

The lack of inventory as well as the stalling of people moving up the property ladder has maintained the competitive market.

Interest rates have stalled a lot of sellers who would be exchanging low interest rates for much higher.  

If you’ve followed our podcast, blog, and social media for a while now you’ll know we always preach the #1 thing to vet for when investing as a passive investor is the operator, but, I don’t want to use this post to beat a horse that everybody else has already trampled on (myself included).I want to talk about another item that killed this deal, which was the debt, and how passive investors need to understand their deals debt.Debt is the most common killer of real estate deals.A Quick Recap:For a quick recap of this story a group is getting foreclosed on 3,200 units in Texas when the rate on their $230M loan went from 3.4 to 8%.That means they went from a monthly interest expense of $790k to $1.85M!

They know the system and stall court hearings and end up staying in the house free for months.

Like the DST, the TIC allows fractional ownership of a larger asset so you can buy with less horse power and spread your risk.