So being conservative we would say you gain $46k in equity ($1.15m times 4%) plus cash flow (which I would argue is basically nothing after vacancy, repairs, capex) plus principle portion of debt pay down (you’ll have to look at your statements and figure this out).

You can win most tax appeals when your taxes are just out of whack for comparable properties so if you can find examples of similar properties with lower taxes, that is the only way you will win.

What made you interested in investing in this type of deal?

Can you give me some thoughts and insights about Brandon Turner leaving and its impact in the community of BiggerPockets?

Thank you in advance.

A handful of people have responded and asked what my parameters are, etc, which I thought was pretty exciting.

What made you interested in investing in this type of deal?

How did you find this deal and how did you negotiate it?

Hope you done get calls asking how to operate the TV remote or how to watch live sports!

No and you need to put this on hold and research the condo nuke that's about to hit Florida in the form of new legislation that no longer allows condo boards to defer necessary repairs.