The problem is most loan officers will not know this up front because they fail to do a "pre-underwrite" and get a "Loan commitment" versus a pre-approval letter.regardless of you using your own money they will "Not" use the higher appraisal value they must go off of the legal sales contract.

Quote from @Justin Brickman: Texas Texas Texas Property taxes, property taxes, property taxes

Look at both county and city - depending where it is zoned.

If you live in the property for two years and want to sell, you won't pay capital gains tax, so that is just another thing to keep in mind. 6.

Most buy land at tax sale - turn around and sell it seller financing.Look up how to buy at tax sales and learn seller financing.

My perception: with more inventory, price reductions, insurance rates and taxes on a moon-shot trajectory, it's looking like the storm is on the way.

@Dante AndersonObviously it depends on your objectives, the deals on both sides, ..., which we know nothing about.

I know it is more expensive, but depending on the situation might make sense for resale, etc.2.

Rent                $2,600/month as MTR                           Vac (5%)         -$130                                                                                                  Main. (5%)     -$130                                                                                        Insurance  $97Cap Ex (10%) -$260                                                                                                Taxes $240Utilities           -$175                                NOI                 $1,905                                                                                            PITI+PMI= $3,846Net Income as HH (aka our cost per month)= $1,905 - $3,846 = -$1,941      My wife and I essentially split $1,941/month to live in our duplex in one of our favorite neighborhoods.So you may ask, "What about your ROI?!"

Sure it has potential for cash flow, appreciation including forced appreciation, tax benefits, mortgage pay down but in most markets it is the leverage that accounts for the significant return.