Market Analysis: Palm Desert seems seasonal, so the cash flow challenge might not improve significantly without some adjustments.

Hello @Tove Fox,You are not investing in a state, you will invest in an individual city.

Here's the key components to calculate your tax liabilityAdjusted cost basis - Is the purchase price, plus capital improvements, minus depreciation.

Over time, rents may increase, improving your cash flow, and you’ll gain equity and valuable experience managing tenants and property operations.

And how can we align our approach to meet those expectations and improve our chances of securing financing?  

I would prefer an individual PM (not associated with any company) to manage my 3 doors in FL..

Before this marketing program took off the individual in question had carelessly left his fingerprints on a glass of water.  

These costs for most of the individuals are considered personal in nature (unless you have a RE portfolio that is run like a business; see below).

Many municipalities allow appeals, and the savings can be substantial if successful.Pro Tip: Work with a tax advisor or attorney familiar with local property tax laws to improve your chances of winning an appeal.2.

I wouldn't be opposed to having a little skin in the game (closing costs, inspections, etc) I would be living there paying market rent and doing the improvements myself.