Obviously you need to buy good deals to make it work, but I'm used to California where property values only go up. 

According to my calculations, using Brooklyn's property tax rate of 0.78%, the tax should be around $354 per month based on taxable value of the property, not the $716 estimated by the agent.

Property values are low but rents are not.

The reason why is you will not be able to get an accurate picture of the repair value of the property which if you do not know what it will cost to repair you cannot accurately determine a buy price

Creating a budget for renovating multifamily properties is crucial for enhancing their value.

For reference, on an investment property (assuming the following: 300k first mortgage, 480k home value, 50k HELOC and 780+ credit) most brokers will have rates in the 12s with no lender fees.

Self How did you add value to the deal?

Will give back with added value.

For the Texas property’s I think the generator might have value.

C+ to B+ buildings with value add potential.