The key question to ask is "what is the ratio of assessed value to true market value in this community" The tax man often tracks this by taking all the sales that occur and compare them to their assessments.In extreme cases I have seen City's in upstate NY which had a ratio of assessment to true market value of 20%, which is to say if they say a property is worth $20,000, it may actually have a market value of $100,000Where computers have helped track market data, and market conditions (and the high taxes on properties) are a big deal in a lot of communities, many places, such as here in Mass, re-assess very frequently in attempt to keep taxes fair.

Although in these few years in the crisis, this has happened in extreme amounts and in a short time period over just a few years.

And to find 5-6 caps in a 50 year old B or C asset class seems extremely low.I appreciate your analysis of the market, it gives me more insight into what's going on up there.

I recently came across a extremely motivated individual who owns an 8-unit apartment complex that rents at 600-650 per unit.

As a new investor too, I can tell you this site is extremely valuable.

My investor/backer though is more interested in finding two family houses at extremely low prices & needing minimal work.

The amount of Information that he provides, is extremely helpful.

Thanks Mike that was extremely helpful!

Renters are extremely good at spotting a weasel and they will in short order treat you and your property accordingly.

Can and will your insurer raise your rates to that extreme?