However, it's important to assess whether there was any discussion or agreement about who would be responsible for taxes upon selling the property.Financial Responsibility: Your parents' frustration about the tax bill might stem from their perception that you didn't handle the situation responsibly, especially considering the late payment which incurred additional fees.

No phone number to call them and no response from RETA in spite of numerous emails to them when development hadn't been started a year after it was due.

Mutual investments allow investors to invest any amount of money they choose toward numerous properties at the same time, regardless of the property-to-capital ratio.

YouTube offers numerous helpful videos explaining key terminology, which constitutes a significant portion of the licensing test.

@Ryan FoxAny CPA who gives you a numerical answer is making some assumptions, most likely generic and incorrect. 

Rather it's an indicator of market sentiment and more specifically investor's perception of the risk/reward.

My perception is that there isn't any ongoing damage, just risk of leaking again.

Then you should have nothing to worry about.For many years now we have been telling investors to use their own expense deductions when calculating a return on investment.Our marketing team only quotes the “hard costs” as in - taxes, insurance and property management fees.We suggest discounting another 15% from the bottom line for maintenance and vacancy but I’d much prefer for everyone to OVERESTIMATE the expenses and UNDERESTIMATE the income using their own calculations.If the numbers work out then, the investment might be worth pursuing further.Classifying areas can sometimes get convoluted.Since I wasn’t born with a silver spoon in my mouth and consider myself a working class guy, my perception of B class might be someone’s of “Z class” lolMy advice to all is to visit town and see the areas for themselves.I’m confident they will be impressed.Especially if they have already toured other markets with similar price points to ours.Real estate is a rollercoaster of a ride and as much as we want to make it hands off/passive.

Numerous ways of getting this done, lets connect!

I also get numerous leads by paying a 1,000 finders fee for any unlisted property someone tells me about that I buy.