Our property taxes in CA are like this, but it isn't the case in all state.

There was a case in New Jersey, (A BP Member had asked about), where a 9 month old baby had been burned on a radiator that was not equipped with a cover.

Hi all, I recently upgraded my account to Pro and have been playing around with the BP Rental calculator with a particular property and was hoping to get some critiques or pointers on how I can improve my analysis...Case in point, I chose this property to analyze:https://www.redfin.com/CA/Roseville/344-Main-St-95...http://www.realtor.com/realestateandhomes-detail/3...Link to my BP rental property report:https://bp-v-newproduction.s3.amazonaws.com/upload...How I came up with the values:- For annual property taxes ($2726) I took from the realtor.com link for 2016- For closing cost, I chose the highest suggested ($2500) - Estimated repair cost ($5000) the property looks decent, but chose $5000 figuring there will be a need to repair something.- Selected 25% at 4% interest rate, Left points charged and cap rate as blank.

I seriously doubt that this is the case in most out of state rental markets, unless perhaps you are looking in class A neighborhoods.Con: You can't as easily or practically as a newbie buy under market value and force appreciation.Con: You can't obtain favorable lending terms through house hacking.Con: You have to pay everyone to do everything for you, which not only cuts into your profits but also robs you of learning the business hands on.Con: Lots of cons ... con men and women telling you everything that you want to hear to sell you the dream and take your money.

I have confirmed this is the case in Knoxville, TN.

case in point.. a few years back city of Corvallis required us to do full engineering plans to go along with our prelim plat approval... everywhere else in ORegon you get pre lim plat approval relatively easy then you get a laundry lists of conditions.. sometimes the conditions are such that its not financially feasible to build the subdivision.Well we spent 100k getting all the final engineering done.. went into planning the neighbors were screaming like stuck pigs  ( 40 acres full of mature doug fir timber so it was like their private park.we negotiated to 27 lots  that would have worked... but neighbors wanted 23 .. one in particular did not want a house close to theirs and did not want the trees cut...

The landlord did win this case, in this case, but as we all know tenants are getting pseudo educated by the Internet.

On paper this strategy to me seems logical but I know that is not always the case in real life.  

If that happens, you may end up in a position where you have to hire a lawyer to defend a $250 case in Indiana. 

Case in point, although not landlord related, my friends who are contractors, separate from my company, ran into a homeowner who habitually did not pay contractors for work.