The tenants pay on time and are family members so they’re in there for a long time however, I don’t think they take good care of the home and fear that $hit is going to hit the fan and is going to cost me a year or two worth of all that net income and headaches.

If it is in a hot area, you are more likely to see growth.I'm not a huge fan of funds.  

So that fact alone is going to make it very difficult to get your property seen based on how the algorithms work. 

Hi Sejin,Are you calculating the rental income based on long term rental or short term rental? 

I am a huge fan of creating equity by buying distressed properties and fixing them up to build in equity from the start. 

Then I have the option to engage the attorney to appeal the tax and only pay if they succeed to reduce the assessment based on a percentage of the reduction.

I am a Tampa based RE Broker that specializes in STR investor acquisitions and also co-own a PM Company. 

@Dan Heuschele brought up that there are property tax cap increases in certain states (California being one of them) - this is why people in California who have owned a long time might be paying $2000 a year property tax on a home they bought for $70,000 ($70,000 was the base assessment value and property tax only goes up 2% year) now worth $1.5 million.

Remember the % is based on the principle.

We are jumping on the opportunity and strategically selling off some of our smaller assets that have considerably appreciated in value.We are not a fan of doing 1031 Exchanges right now because of the constrained market on the buy side.