Hi AndrewThat's a tough one because tax rates seem to vary from state to state.I'll give you a quick example: Salt Lake City, Utah $300,000 home with an annual tax amount of $2,500.Detroit, Michigan $35,000 home with a $2,500 annual tax rate.Pontiac, Michigan ( different county that Detroit but only 20 miles north of it) $35,000 home with a tax rate of $700 annually.In the midwest and west I see an NOI of under 6%, in C grade neighborhoods.Select areas on the east coast and surrounding region I see NOI's of 9% to 15% in C grade neighborhoods.Property Taxes are the same whether the home is held personally or in an llc.I hope this helps, please feel free to send me any Specific questions and I'd be glad to answer them.Good Luck.

A quick scan of MLS listings should tell you the story of what market prices are like.  

Hi @Rob R. which service are you currently using as SmartMove typically returns the reports pretty quickly?  

If you are a cash buyer, mention that you are well-capitalized and have the resources and experience to conduct a quick due diligence period.

It's useless to hire a pest control company (or spray yourself) if you've got a tenant who leaves food and garbage out that continues to attract roaches. 

A quick question on entity structure and insurance: As I'm planning on investing in multiple properties over the long-term, I'm considering forming a series LLC in Texas, which has several benefits in terms of administrative cost reduction (relative to having an LLC per property).  

Take a property that needs $10K in work, will sell quickly, and you can make $10K.

Have a proof of funds and can close quickly.

Thanks for a quick reply, Michael.

I need an end buyer who can close quickly n an attorney I don't know the legality of my purchase agreement  . the deal is in Marlboro Ny 52k distressed foreclosure I want to put it under contract for the 52k he asked and sell it for 10,000 so assign it for 62k ...