Check out the Wise Guys In Ties video on Velocity Banking.

We use a property manager, so that cuts into our profits a little.

And here's the back story.I have a my first deal, only problem is its tied to a $60 million mortgage.

We then have to cut a manual check to cover.Are you saying that for normal operations, they have a system in place to monitor & pay the taxes?

Apartments are "easier" than SF homes from a maintenance standpoint (no grass to cut, gutters to clean, etc.)  

I have told them I can't do anything until I can exercise the options.The market is somewhat cooling off and that may effect my decision on keeping or flipping the properties.I have done several 1031's with @Dave Foster and he's the best at this process.I am managing more properties than I want to already and would need to cut back on some if I plan to pick up any of the three properties ( they will need some cosmetic work for sure).The first position notes are one's I hold.

Its a big headache and I’m Sorry to hear about the passing of your dad, if you could have someone else handle it- it might relieve some of the headache/heartache involved in tying up their affairs and let you grieve.

Looking at it simplistically, you would cut that income in half.

I see taxes as an expense to the business , if i can reduce  that expense legally  , great , if i can cut it completely legally , Even better .

They cut out the dry wall and everything but from where i saw the mark on the walls it looks like 15-24 inches.