But if the county re-assesses every 3 or 4 years, you will pay market prop taxes soon enough.I’ve been an investor for 46 years and this is NOT something I would do.Over this time, I have seen investors get themselves in trouble by being “too smart by half” often with creative tax structures that end up causing trouble but this is a another danger zone in my mind.I’d think long and hard before embarking on what you propose.If the acquisition doesn’t stand in its own merits and one needs to resort to chicanery to make it work maybe it’s not a deal.just my two cents.good luck,Arn

Tarrant county is so overlooked by landlord investors but it seems the list of large companies building large facilities with lots of employees on the Fort Worth side is never-ending.

At the end, subtract the mortgage payment and cap ex reserve (depends on age of the property, but 2.5-10% of gross rent received) and arrive at cash flow.

You can attempt to assure compatibility by interviewing them and taking into consideration your other tenants, but at the end of the day, they're adults and it's up to them to get along.

I’m having a hard time figuring out the answer to the last question at the end of the chapter in the Hone Your Skills section.

I am already an agent with a few rental properties but never rehabbed one. 

I have never had an issue with theft, which hopefully doesn't change now that I said that.

The first ten years are interest only (borrowers can still add principal payments) and at the end of the term the mortgage converts to a twenty year fixed mortgage at the same rate. 

Even if you didn’t end up clearing the entire balance if you sell for more.

The man currently living there is a retired wheelchair bound vet who always pays on time and so they have never felt right raising the rent as hes only living on his Army paycheck.House 3. rents for $800/m the loan will cost me $14,000 as a down payment and $6,000 closing costs, and should cash flow approx $225/m after mortgage payment are made.House 4.