Sarah's a qualified Accountant and has always dealt with our tax affairs, in the US and in the UK, so it makes total sense for us to take back control...

Also, for the taxes did you have to file state tax returns in all the states where there are mobile home parks that is for the ODC fund?

I am not opposed to flipping, but I need to educate myself on the tax implications first.

As far as taxing goes.

A $500k place renting for $3,500 but $500k at 6% is $3,000, add $100 for insurance and $300 for property taxes and you’re offering to buy the place they are renting to you for $3500 for a $100 less than the rent. 

I put this in writing for them too.This year I am planning on only raising rents by $10-15/mAll of my properties are currently at market rent, but of course things like insurance and taxes keep going upBP Community, what are you doing for rental increases this year?

No property taxes. 

For the life of me I can’t really find a property to flip locally but the ones I’ve bought and held for 2 years have appreciated significantly and if I was to sell some of them now after all taxes, commissions and expenses were paid I’d probably profit about $65,000-$85,000 on the 2 year properties.

My monthly HH income is 16k USD after tax.After looking at multiple properties and calculating the overall net income it is quite difficult to come to a net positive cashflow (taking into account Mortgage payment, HOA, property taxes, insurance, rental taxes). 

NJ is expensive, especially the taxes.