Property tax collections represents about 59% of the City's general fund annual operating budget.

He is collecting in total $4500/mo in rent from that property.

In Dayton, you can challenge the assessments and if you are buying under market and very aggressive (paying an attorney to challenge assessments every year) - you will probably pay about 15% of your rent collection in property taxes.

My favorite way to collect property is to buy as an owner occupant and then move a year later and do it again. 

I've chosen to focus on my clients, grow my management base, and optimize my current portfolio, letting the cash sit for a rainy day, although I obviously won't pass up a great deal if it falls in my lap. 

. - The middle class will likely have hard times which linger longer than normal because of the oil and gas issues @Will Fraser and @Landon Whitt I think it’s worth paying attention to how low interest rates, more free time, and short term projections of optimism are impacting buyer decisions.

We are nor panicking instead trying to think though some scenarios and communicate/plan on paper . 1.Ownership:1.Create a “Medial Power of Attorney” to take over decision control if any/all owners get sick 2.Communicate ownership delegation with property manager2.Property Manager/Other Employees:1.Communicate CDC requirements 2.Outline and agree upon rent collection work process if city were to shut down 3.Outline and communicate a call tree identifying repair personnel 3.Safety:1.For employees: Release funds to buy protective gear while working within premise 2.For tenants: Communicate 2 times a week with CDC requirement as COVID19 is a REPDI development 3.For Owner: Identify all elderly tenants and communicate with them to call CDC if they would show any sign4.For Owner: Identify companies who does preventive medical grade clearing if any cases to be identified within premise. 4.Insurance :1.Confirm with current insurance to avoid and potential liability from owner to tenant negligence perspective 5.Operations:1.Review plan for marketing to get tenants if people were to leave during outbreak 2.Review plan for eviction during shutdown (if any) 3.Review cash position: 10 months cash supply covering 10 month of debt payment .

@Alex Vegh,I get the feeling that those investors were probably burned by some "less than optimal" wholesalers i the past, and they don't want to go through that again. 

He may not actually have a license and in that case he can't collect anything and could be subject to sanctions imposed by your state for contracting without the proper license.

Seattle area has halted evictions and they are attempting to halt rent collections.