I would just remind everyone to review their property tax assessed value.

You will need the current assessed value (typically from the county or city web site) and an understanding of how the assessed value will change (e.g. just based on sale price, comparables, etc.).If the new assessed value increases, cash flow decreases and obviously the reverse is also true.Since property taxes are a major portion of the expenses, making sure you know not just what they ARE but what they WILL BE is important.Oren

The tax assessed value was only $15,000.

Learn what rents and what sells.Third, do a self assessment.

I'll provide my full detailed and comprehensive analysis upon request.

If you assess the deal properly, which it seems you know how to do, just double close it.

Hey BP,

This post is meant to help all others who come after me... essentially I am looking to create a short 2-3 sentence summary for any and all real estate investing strategy there is. This post is NOT meant to be...

While thier approval is not needed, this can keep you from (as well as the client and family) from being assessed of and accused of disposing the asset below market value.

It sounds like mom is not going to live with the kids, so you'll need to do a character assessment.

Self-employment income taxes are assessed at the federal level, not at the state level.