Note that I live in the Netherlands, which has many tax laws.thank you 

There could be local considerations that are tax and inheritance related.Thanks for the reply Ken.

There are auctions to sell cars, police auctions, tax impounded auctions, antique auctions, etc.

I mainly want to ask if these assumptions are reasonable and if there's anything I haven't considered:(1) multifamily units in NJ close to New York City, ~$1,000,000, 20% down payment, (2) Using the following assumptions: 4% appreciation rate, 6.5% interest rate and 5.0% refinance after 5 years, $10,000 yearly maintenance fee(3) ~$6,000 monthly rental and assume 3% increase yearly with 5% vacancy rate(4) Based on the above, the calculated IRR if selling at the 10th year is ~19% (considering tax benefits) and ~17% (without tax benefits).

Property taxes creep up, exterior repairs , and a brand new HVAC last year wiped out $11k of reserves.

I'm not sure how attractive the numbers will be however when looking at HOA dues, insurance, taxes & the unpredictability of future costs with HOA dues.

Zero capital gain tax, next to zero income tax, property Tax is super small.  

A successful rental property should offer positive cash flow, meaning your rental income should exceed your monthly expenses (mortgage, taxes, insurance, maintenance, etc.).To find the right tenants, ensure the property is priced competitively within the local rental market.

I just started using it and so far the owner info matches up with the county tax info. 

It is a tax write off.