UNTIL YOU SELL THE PROPERTY... then the cap goes away and you are taxed on the fair market value of the house which is usually the new sales price less maybe 15%.  

It still shocks me how many agents aren't aware of things like the fair notice ordinance.  

It is a fairly signinificant set up fee and monthly charge. 

Quote from @Aaron Wolman: Yes, these charges are fair.

Use a quitclaim or warranty deed to transfer the title, and be prepared to pay Chicago’s transfer tax, calculated at $7.50 per $1,000 of the property’s fair market value.

., $300 for paint and supplies) and add a fair hourly rate for labor.

Those policies that weren’t forced on the plan of last resort, the state run California ‘Fair’ Plan are significantly underinsured.

You've probably heard of big Landlords losing property, but only because they were flagrantly violating Fair Housing, running a slum, or otherwise violating the law in an egregious manner.

Fair PricingThey’re not the cheapest, but they’re honest and transparent about costs.

I think it is fair to say that there is somewhat of a tradeoff between markets that provide positive cash flow on day one and relatively high appreciation-based markets.