The assessor looks at all comparable properties to determine FMV and will disregard your purchase price if it is not in alignment with FMV.

Compare that statement to some others in the industry: "We believe that responsive technical support is a requirement for our continued growth."

You need to know how to identify proper comparable properties and make the correct adjustments.

I have seen one persons add already but will see if I can find more and compare rates.

I need compare the LLC fee w/ the S-Corp state income tax..

Patrick take the time to inspect it, if there is a comparable selling at that price, I would say its a good deal.

I am in the NYC area too, perhaps we can compare notes....MJ

As stated by the previous poster, in my opinion, it would depend on how much of a spread there was percentagewise compared to total investment.

At least I'll have learned something from the attempt, whether it's how to (or how not to) market, talk with sellers, calculate comps, compare management companies, etc.I would love to make some money in the process, but if I don't I'm willing to stick it out for the long haul.

When I compare that to RE investments, RE kills it!