You could likely get the tenants to pay some of these expenses, and if you could manage the property yourself, you'd increase your cash flow a bit. 

I know that here, they put a 10% increase max on increases right after the fires......

Opportunity zones have been increasingly becoming a hot topic for our out of state investors.

Hi,Wanted to get the community's opinion on whether I should fill out a sales verification questionnaire that the Property Appraiser of the county I recently purchased a duplex in sent me.I feel like it could only hurt (meaning a big increase in my 2019 property taxes) based on the information they are requesting. 

I realize this would be a SFR, but good to confirm.5% yearly increase in expenses, rents, value is very aggressive.

I would work on getting more equity in the property either by doing improvements if there is room to increase the ARV or you could always save up for a conventional loan.

According to Zillow the median sales price for the nation also increased the exact same of Columbus, 7.7%.  

The change of work specifically states the issue at hand, what is necessary to fix the issue and the increased cost to the original contractual agreement (material and Labor). 

I'm asking this because hypothetically, if the previous owner purchased the same apartment for $5MM years ago and in the offering memo it shows tax as ~$500-600K, and I purchase it for $10MM, would the property tax increase nearly 2-fold just because I accepted a higher price than what previous owner bought at?

We are looking to add another warehouse/shop to the property next year to increase the value of the property and get another renter.