I recently wrote another forum preceding this, essentially introducing myself.

State Real Estate Tax Rate per WalletHub.com Rank State Tax Rate Tax on $173K home Median Home Price Tax on Median 2 Alabama 0.43% $773 $125,500 $543 T-32 Alaska 1.18% $2,112 $250,000 $2,956 T-17 Arizona 0.81% $1,446 $167,500 $1,356 10 Arkansas 0.62% $1,111 $111,400 $693 T-17 California 0.81% $1,438 $385,500 $3,104 8 Colorado 0.60% $1,073 $247,800 $1,489 48 Connecticut 1.97% $3,517 $270,500 $5,327 4 Delaware 0.54% $959 $231,500 $1,243 5 District of Columbia 0.56% $1,000 $475,800 $2,665 27 Florida 1.06% $1,894 $159,000 $1,686 25 Georgia 0.94% $1,685 $148,100 $1,397 1 Hawaii 0.27% $487 $515,300 $1,406 14 Idaho 0.76% $1,366 $162,900 $1,246 50 Illinois 2.30% $4,105 $173,800 $3,995 23 Indiana 0.87% $1,560 $124,200 $1,085 38 Iowa 1.48% $2,649 $129,200 $1,916 37 Kansas 1.40% $2,502 $132,000 $1,849 T-19 Kentucky 0.85% $1,511 $123,200 $1,042 3 Louisiana 0.49% $876 $144,100 $707 35 Maine 1.30% $2,321 $173,800 $2,259 30 Maryland 1.10% $1,956 $286,900 $3,142 34 Massachusetts 1.20% $2,139 $333,100 $3,989 44 Michigan 1.78% $3,172 $122,400 $2,174 T-32 Minnesota 1.18% $2,110 $186,200 $2,200 15 Mississippi 0.79% $1,408 $103,100 $813 26 Missouri 1.00% $1,790 $138,400 $1,387 T-19 Montana 0.85% $1,525 $193,500 $1,652 45 Nebraska 1.85% $3,308 $133,200 $2,467 T-19 Nevada 0.85% $1,523 $173,700 $1,481 49 New Hampshire 2.15% $3,838 $237,300 $5,100 51 New Jersey 2.35% $4,189 $315,900 $7,410 12 New Mexico 0.74% $1,324 $160,300 $1,188 41 New York 1.62% $2,899 $283,400 $4,600 T-19 North Carolina 0.85% $1,524 $154,900 $1,322 31 North Dakota 1.12% $2,000 $153,800 $1,722 40 Ohio 1.56% $2,794 $129,900 $2,032 24 Oklahoma 0.88% $1,569 $117,900 $1,036 T-28 Oregon 1.08% $1,929 $237,300 $2,563 39 Pennsylvania 1.53% $2,725 $166,000 $2,533 42 Rhode Island 1.63% $2,915 $238,000 $3,884 6 South Carolina 0.57% $1,019 $139,900 $798 36 South Dakota 1.34% $2,389 $140,500 $1,879 13 Tennessee 0.75% $1,335 $142,100 $1,062 46 Texas 1.90% $3,386 $136,000 $2,578 11 Utah 0.68% $1,218 $215,900 $1,472 43 Vermont 1.74% $3,116 $217,500 $3,795 16 Virginia 0.80% $1,420 $245,000 $1,948 T-28 Washington 1.08% $1,931 $259,500 $2,805 7 West Virginia 0.58% $1,044 $103,800 $607 47 Wisconsin 1.96% $3,499 $165,800 $3,248 9 Wyoming 0.61% $1,097 $194,800 $1,196 

It is a 4bed/ 3.5bath, 3,479 sqft gorgeous 3 story luxurious townhouse in the best & hottest location in Tampa, FL (Soho District).

Essentially they tell us that, " yes it made $2k last month but since there is no signed lease nobody knows what it'll do in the future". 

Essentially take your actual loan payment and annualize it then divide by the principal.

Now, the original owner of the property has what is essentially a second mortgage, So, he will have the option to foreclose from second position if you stop paying him as well.

For that reason many smaller investors will go to 4 in the District then cross the border for their next purchases.

I am in Dallas so the schools vary greatly depending on the district/town the prospective rental will be.

Essentially the most flexible 203k loan I've ever heard of.

they will send you to district court for a foreclosure and you will be looking at a 6 month case minimum.