Turns out, as we all expected, the law wasn't followed at all regarding the gouging tax increases last year.

Unless paired with the above, these are usually thrown out in tax court. 

High debt levels relative to equity, combined with looming loan maturities and expiring interest rate caps, have made refinancing a daunting task for many property owners.

However if you decide to get those new power tools you want on the business credit card and your business is a tax firm like us, its going to be hard to justify to the IRS (and your wife) why it was a valid purchase for tax purposes. 

However, when I contacted the township's tax department, they state that the property tax should not increase that much.

Please comment/connect with me if you are a:- Property Manager- Hard Money Lender- Contractor- Tax Professional/Accountant- Insurance Agent- Real Estate Attorney- Financial Advisor- Meetup Organizer- Wholesaler- Other InvestorI live in Scottsdale so hope to connect with people local to the Phoenix area, but always open to connect with other people in the state or even nationally!

We have the capital to weather the slow seasons and yes the mortgage is our biggest expense about 55%-60% not including taxes/insurance. 

You can also get a personal loan up to $50K which typically is to pay off credit cards debts, do renovations etc, but it can also be used as a down payment.

My total of all annual expenses is about $220K- everything, insurance, haircuts, leisure travel, property taxes, etc all included in thereI dont want to semi-retire any time soon, but I think it's smart to have long term plans.

Also have an understanding of housing demand versus supply for houses and apartment rents (I wish I considered those factors when buying my first home).Also, make sure you understand debt financing and you spending time modeling out your costs.