Carl Leonard , OP, Laura Israel , said the hold period is a year.

(I need to point this out, because, as of this writing, your “defender” - who apparently also happens to have something to sell you - happens to have more votes than the OP. 

I build new homes and sell them so I have a definite bias.my point is in some building tracts if the builder is doing a new build program for investors. you put up 20 or 30 rentals in a short period of time you saturate the rental market and that can drive DOWN rents.. or in this case maybe the rent was never real..and the OP just went with what he was told.. but bottom line this is simply the landlord business at its base level.. and has zero to do with Turnkey being the problem.

the OP doesn't explain why it's hard to look for the info on the city site..  

MPAC (Municipal Property Assessment Corporation) Claude - As the OP is from Rochester, I believe he is describing / asking / discussing US properties (OP - Feel free to correct me), which in every jurisdiction I have looked into use the 'market' value of the property as the starting point to assess taxes.

However, it's the exception, so I'm curious what kind of numbers the OP is looking for to have Raleigh on her radar.  

Sites about Co op managment and their sponsored courses.  

Win-win, a strategy I am getting ready to use again if my cash out refi doesn't close in time for the next project.To the OP, @Greg Mitchell I would suggest speaking to your employer or HR office to see why there are no low fee funds in your 401k option.  

I almost closed on an apartment there earlier this year but the lender at the last minute fell through because they needed 70% owner occupancy in the building (it only had 55%- I'm staying clear of Co-Ops going forward!)

the OP would be wise to spend an afternoon and search on BP for the numerous "appreciation vs cash flow" threads.