But county came back removing the exemption (65y+ homestead) since the death few years back and now are charging all the previous 4-5 year taxes resulting in $10-12K (County, ISD, Mud taxes etc).

I have identified an ideal location, and the agent has informed me that the rent is $45 per square foot NNN, plus an additional $5 per square foot.Upon calculating the total annual cost, it appears that I would be responsible for over $80,000 per year.

Hello,I recently closed on a BFD deal and looking for direction on correctly setting up journal entries, to make it easy at tax time.In a nutshell...We hold a mortgage on the property with a principal of $150k, 4.25%, 30yr amort (liability)The BFD sale price was $300k, with a $45 downpayment, $255k financed at 5.5%, 25yr amort, 3yr balloon (asset).All transactions are run through an escrow agent, and we just collect the net difference monthly (~$325 or so).   

Even if you get a quick court date, then they can file for a delay of 30 days (usually takes more like 45-60 to get back on the docket).

I currently rent to up to 10 people however, most rentals don’t include more than 4-5.

But I've been "in the market" 45 years, and have contact with over 20,000 intermediaries some of whom hopefully bring me deals.

Some people do not care, but so do not want a 4-5 year PPP.  

You find out up front if they have any cash or not, vs burning 30-45 days to find it appraises at your listing price, and they don't have the cash to close.Get a VA checklist from one of your trusted lenders and make sure everything in the house meets the checklist. 

I was quoted for 19 units @ 45/month.

IMO you should look at other cities that will yield 3, 4 5 times that All the best