It would help tremendously if someone could validate what I am being told or straighten me out with a more accurate assessment of this particular situation.With that being said, question #1 is should I just forget trying to bring the properties into the LLC?

I am closing on 4 deals this month, one a hotail, one flip, one 6 family hold, and lastly this deal that I'm not sure what to do with.The property: 1319 Michigan Ave South Milwaukee WisconsinPurchase Price: $14500 + CC of $1000Rehab: $45000 or lessARV: $150kPotential Capital Gain: $82500.00Rent Potential: $1400-1500Taxes (assessment $41k) $1200 which after reassessment will most likely be closer to $3000Tenants will pay all utilities and water bill.Maintenance/Capex/Self Mgmt: $400I will have this property paid off free and clear currently and can most likely pull off the rehab without drawing to much from my line of credit. 

With the local banks they keep the loan in house and underwrite you based on their own risk assessment.

Hi everyone! Completely new potential rental property investor here.
I've done some reading on understanding how to calculate rental property ROI. According to Brandon Turner's Rental Property Investing book (as well...

Makes it hard to make the numbers work, especially once you account for the potential tax increase from the new assessed value if you are buying it much higher than what it's currently assessed at.

Cap rate underwriting is an incomplete approach on assessing deals.

In a lot of areas there are tax trade-offs (TX has no capital gains but has higher property taxes in many cities), (in my PA market the capital gains are low but the property taxes are high VS assessed value), (in MO where I invest the capital gains rate is alright as is the property taxes though there's a growing, solid economy here). 

Also keep in mind, with condos, you have growing annual maintenance fees and potential special assessments.

They are in the business of lending, but they also have to assess RISK and an inexperienced rehabber, buyer, etc. is a huge risk for their investors. 

You can use the county assessed value x the county common level ratio or an appraisal.