It could certainly be a concern - but depends on a lot of factors - are you looking multi or SFR? 

I have 4 mailboxes, and signs for all 4 addresses, and I've been paying sewer for 4 units.I guess I need to set up a protest hearing, but what should I be doing before then? 

I thought it might be helpful to address some of the most frequently asked questions that I receive.

My main concern with the Japanese market is that I really know nothing, and I find it a bit hard to find information about it, but I guess I also know "nothing" about property markets anywhere other than maybe Hong Kong. 800 square feet is not tiny by Hong Kong standards, you are absolutely correct, but just as you mentioned we have a live-in helper and are hoping to start having kids about 1.5 years later.

I could care less what happens to the prior homeowner or if they go after him, as far as I am concerned.  

I am unconvinced that the new administration will meaningfully address the deficit and US credit will continue to erode gradually, contributing to rising rates.

Knowing how fast or slow things are turning would not cause me to change how I manage my business.I'm more concerned about current market rents  All else equal, I know that by lowering my rents $50 or $100, I can lease up my units almost instantly. 

You should ensure the property is inspected regularly, maintain climate control to manage moisture and temperature, and address small issues like leaks or cracks early to prevent costly repairs.

If My father and I use the heloc to fund the repairs; I'm concerned to have payments on a heloc as well as giving up all the cash flow for a period of time.

If you want to keep your options open to access more deals, it’s worth having an honest conversation with the agent about your concerns.