Unfortunately once you head into the suburbs the higher taxes really eat into cash flow. 

Each one of are told to increase it cause the next one is going higher, little do they know 4 of their supposed "multiple anxious buyers" are all eating lunch together and communicating about that at the same time. 

If it's a lower purchase price but your taxes go up with no limit, that will eat into your profitability. 

You're not planning on just eating this are you?

More diapers, clothes, eating out? 

BUT i wouldn't buy with the intention of selling in 18 months. you never know where the market will go, your closing costs could easily eat up the equity you built up, etc. 

That is the only real way to find your fix n flippers deals if your wholesalers are eating all the profits and the MLS market is on fire. 

It eats a lot and needs pretty constant attention.

If water is common, is that billed back to the tenants or you as a landlord have to pay for it and that will eat in your profit. 

Eat your losses and move on to the next one.