Then later find out in underwriting that the loan officer did not calculate income correctly or used rents that do not qualify.You want to ask to see the math to see how are they running the approval it’s not just income, and rents it’s also what are the annual taxes and annual home owners insurance they are using to qualify.

No taxes on capital gains if you have lived in your primary residence 2 of 5 years

I’m curious as to the thoughts of a CPA here given the differences in tax implications generally between NJ and FL.

Split it down the middle and work it like a true partnership where the interest payment, tax, insurance comes out of the entity.

Keeps our taxes as Agriculture versus commercial.  

Listing prices/property taxes are awesome and rent prices look good as well.

I don't want to speak for Joseph, but yes the $230 accounts for all expenses (taxes, insurance, mngt, debt service, future vacancy & future maintenance reserve). 

I'm just looking for a break even property. also take into account taxes.

Death and tax's, those are your 2 "guarantees" in life, everything else has a risk factor, a component of "chaos" in it. 

Expenses and taxes can be a confusing part of real estate.