As far as our primary residence, our taxes are absurdly low (less than $600/year).

@Karen O.NYC prices are just absurd.

I would hate to give them false hope of a solution.

When businesses not accountable to their respective responsibilities, it can provide a "false truth" for the turnkey investor.

s example may be intentionally contrived to illustrate the absurdity of such a rule in some situations, but he raises an excellent point.

This is absolutely absurd to me, I believe they have no right to know what I will profit on the house.

I figure the seller would know for sure if the home has 2 bedrooms or 3 bedrooms and would have no reason to give me false information about the number of bedrooms.

In the meantime, I spent some time listening to Kiyosaki's books on Audible (and playing that board game), and eventually began to understand the argument regarding the difference between real assets and false assets.

The 74k pages of tax code are absurd.

I have read a few articles that have said that turnkeys are bad because of poor location, or false information, the renovation wasn't done properly.