I bought the place back in the good-old-days for $11,500 and learned very early on if you raise rents to "new-condition pricing", residents commonly respond with a host of repair requests seeking like-new condition for their rental.Real estate is an amazing vehicle to create wealth, I just try to build it slow and steady and not sweat making it aggressively by over-taxing the poor of the community.

Many are like you leaving the over taxed, over priced markets for more bang for their buck in lower cost of living markets like Vegas.

Somewhere in that time frame, hire a CPA and go over tax implications, budget and expenses, etc. 2.

There are many ways to invest, and you and I both sound like we are most comfortable with performing mortgage note investing over tax liens, or non-performing notes.  

The true property tax impact, like the $543 mil police and fire tax levy hike will likely be staggered out to 2017, 2018, 2019, etc. so as to avoid the hike all hitting at once and prevent immediate political backlash over taxes and falling property values.None of these pension property tax levy hikes address retiree healthcare benefits. 

., and Zillow has:Property Value: $402,693Annual Taxes $8,658.14Estimated rents (Zillow) $2,700/monthBought it as a pre foreclosure in 1984 for $80,000, currently mortgage free.Nassau County is going through RE tax re-assessment currently, as half the properties are over taxed and half under taxed.

I'm going over tax returns for an ill relative who's a landlord and I need some advice.

If someone is living, or recently lived in a house getting sold over tax auction, it is NOT LIVABLE with many years of neglected maintenance.

If they are being over taxed you’d think the current owner would ask for his 30% discount. 

The purpose would be to take money out of the market and roll just the profits over tax free.