Since the most likely outcome is that you get it under contract, you can’t wholesale it, the owner incorrectly thinks they have actually sold their property and solved their problem, made plans to move, you bail and now they don’t have time to sell it to a real buyer.

I believe that the discussion of first tier market vs fly over markets is directed incorrectly to appreciation vs cash flow. 

However, if the property is abandoned and in a dilapidated state, you can almost guarantee that this address will be incorrect. 

The MLS had the property SqFt incorrectly listed.

My banker there told me it would cover up to 4, but she wasn't the one in charge of mortgages so it's possible she was incorrect.

. -  I may have worded that incorrectly. 

@Benton S.I do think you’ve gotten incorrect information.

@Kirsten MarinoI could be incorrect Kristen, but I was under the impression that the city can only raise your taxes by a fixed percentage each year regardless of its market value.

My original point is not incorrect tho.

I realize BP is full of opinions and many are incorrect but this one is so extreme I felt obligated to point it out.