Where would your tenant place the litter boxes and how would he empty them (we had one couple who completely clogged a sewer line tossing litter down a sink...not a toilet).Finally chasing fleas and worrying about litters of kittens (or females in heat) are not fun things. 

So property taxes will be adjusted and the difference could be great is the current owner owned the property for a while.In the final analysis, the taxes will invariably go up.

(final aside: I'm also being mindful that we may not want to end up with this property in our portfolio, and thus be stuck in the same situation down the road when trying to sell it)THANKS IN ADVANCE!

I had been listening to BiggerPockets and studying all about Real estate for years, and finally was ready to get going, I even got my real estate license so I could practice as an agent as well.

Otherwise, I'd offer to pay the penalty for him - which can still be negotiated on the final purchase price. 

Jeremy, I don't believe Texas requires you to do the final inspection with the tenant present but you should verify that.

This was in 2020 and have not finalized the taxes so do not know if tax accountant will take exception to it.  

Our structure works best for LLC/LP's that have taxable income in the 750k - $5MM range and can generate up to $500,000 of working capital per year and can increase returns by 25% based on $1MM of EBIT.Structure is ideal fora) Existing small businesses with Taxable Income of at least $1MMb) Acquirers who are open to adding a non-voting minority partnerc) Lenders looking to increase Working Capital Flexibility and Get Greater TurnsFeel free to inquire for greater detail and includea) Your current status (from a,b,c above)b) If existing business - what was 2018, 2019 and 2020 taxable incomec) current structure ( LLC,LP)Finally, this is not for start-ups or companies that are not currently profitable, so kindly only send inquiries if your entity has taxable income at or near 7 figures

Finally, thank you for reading my long post.

Finally, thank you for reading my long post.