Today, let's discuss property tax assessments.

This means you are doing it strictly for the cash flow.If it were me, I would go the ADU route, Rents could be comparable to the condo without the HOA dues (yes higher Cap-Ex but those are long term expenses), and with everything on one property, things are just easier to manage (one mortgage, one property tax bill, one insurance, etc.). 

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Tax season is in full swing, and for most individual taxpayers, the looming deadline for filing and payment is Monday, April 18, 2022.

Another thing to check when running your numbers is the POTENTIAL taxes on the property.

It was not a 1031 exchange, so we are now calculating our taxes.

The accounting aspect is a an additional thought I hadn't heard before.I know some people have used this strategy in an attempt to avoid triggering a re-evaluation of property taxes.  

I recently received the PT-100 personal property tax return for filing. 

In a bid to get people into these homes and paying property taxes, the state of Arizona rolled out a plan for active duty members that paid 22% down on any house in the state that had previously been lived in.

Consulting with a local real estate advisor or financial planner can provide personalized insights based on your specific situation.