I have a 4.75 + 5 points for construction loan right now with a local bank.

. - I decided I didn't want to mess with it because Im starting another project with higher potential return.Now, as an example, I look at this one:https://www.zillow.com/homes/63-GRANVUE-DRIVE-BELL...Its on the Auction block, if I picked it up for 2 or 3k, and sold it for 10k to someone else who wants to work with it, essentially a wholesale deal, and didn't spend any money fixing it up, and agreed to max 1k realtor fees if any, I might make some money on it.If you go to our county tax assessor site, and search '63 Granvue', youll see that 1) the total taxes for 2018 are $2981.38, and 2) they are paid by the bank already for 2018 http://www.co.st-clair.il.us/Pages/parcel.aspxWhat I am asking is - if I bought this at auction, and sold it within a couple of months as a property someone else can rehab, how would the property taxes work / what would I end up paying? 

So a bank is involved?

I used Bank of the West last year on a 6 plex & got a 10/30. 

So it can be a difficult transition to go from adding value, banking on appreciation to simply placing an investment for cash flow only. 

So if I negotiate a good purchase price, it does me absolutely no good in the eyes of the bank. 

My comments are re: a normal house, condo, 2-4 unit.Appraiser is providing an unbiased opinion or estimate of market value for their client, usually the bank.

Do you have any advice about the account type and bank to use for this?

The loan had been assigned to a bank that went out of business.

Do you think its smart to have seperate bank accounts for your properties?