He actually has at least three wholesale deals every quarter.

Or the nanny...could be a nanny's quarters too.  

Thanks    KenHere's the link to rates by county and town:   http://www.state.nj.us/treasury/taxation/lpt/taxra...

To eliminate tenants damaging properties and not having the deposit cover it at move out landlords inspect regularly (quarterly).

Can he then deed a quarter of the property to each of us? 

Who else spends $1,000 per quarter on their tenants who are doing things the right way?  

Account Closed I realize that works out great for you, but your comparing "apples to oranges" in terms of markets and the effects of taxation on investors. 

Originally posted by @Jon Lanclos:This post makes me sick - this is how far entrenched the government is in our lives - how many exclusions and adjustments and qualifications are talked about in all this great advice - we need tax reform in this country There is only one exclusion being discussed -- when you sell a personal residence, some or all of your gains can be shielded from taxation based on the amount of time lived in the property and the size of the gains.This is one of the most beneficial tax break in the entire code...we certainly don't want to see it go away.

Zillow has property tax at $1005 per month. 

You should discuss with a CPA who understands pass through taxes, real estate taxation, and can provide you with recurring tax planning services.