Other than the neighborhood the house is in, most other renters in the area are in large multifamily apartment complexes.

Sixteen years ago I owned a condominium that I rented out for about 3 years, before I sold it.

Let's say an apartment complex costs 100K and generates 10K in cash flow, assumes now market demands 15% CAP rate, and a rent increase of 20%.  

I'm currently learning residential wiring from the best electrician in High Point (my grandfather, so I'm biased).We're working on getting a small complex or converted historic house close to the downtown area to upgrade, restore, and manage part time.Looking forward to meeting you all.

You will have costs that you have to cover in addition to the payments.Your personal income would certainly be mostly irrelevant for 100 unit apartment complex.

I have 7 properties myself, including a 28 unit apartment complex.

Kind of a way to start learning the business and moving into more complex deals from there.

if you havent already, read Multi-Family Millions if your interested in small multi family buildings, or even larger buildings and complexes

It's a complex calculation that most assessors, can't (or won't) even explain.You can determine your assessed value by going here: http://cms.indygov.org/MyAssessedValue/You can also appeal once per year, but be aware that some assessors punish those that appeal by raising rather than lowering the tax bill.

I just picked up my first complex and am getting into the swing of things.I am curious on the dog topic.