Off-market deals often require more work, but they offer greater potential profit if you know how to properly assess repair costs.Ignoring the Numbers – Always crunch the numbers before moving forward with a deal.

I bought it last year and thus far have: 1) Appealed assessed value to bring down taxes, 2) Got better (less expensive) insurance, 2) Rehabbed 3/4 units, and 3) increased rents $300-$400 per unit along the way.

It basically exempts the first $75k of value from the assessed value for the millage (among other things). 

I ask because as I look for my first property I noticed that the numbers RTR provide do not always match the numbers I come up with as I do assessments using the BP calculators.

Instead of keeping them, I'd look to sell them and buy something more suitable as a long term rental.If you want to know why I have such a strong opinion on this, just google the following: - HOA Special Assessment - Florida Condos 2024 - search for news on the new laws - Zombie Condos

I'll wait and assess the situation in a few months (if it's still available).

Try to anticipate other potential avoidable situations with a follow up inspection to assess the Locksmith’s work and ask your tenant(s) if you can also use the time to assess for other issues such as unchanged HVAC filters, leaky pipes, working shutoff valves, working smoke detector batteries, properly working downspouts, clogged dryer vents, evidence of water damage from leaking roof, etc,etc,etc.

With the right tax strategy, you can maximize deductions and reduce liabilities, while having the right insurance and reserves in place will protect you from unexpected costs.By Implementing a quarterly financial review to assess performance and make adjustments to avoid cash shortfalls.

Quote from @Alan Asriants: Quote from @Calvin Thomas: Quote from @Stuart Udis: @Calvin Thomas I would disagree with your assessment of Philadelphia.

Finally, work with your lender to assess the financials thoroughly before jumping in.