You have to look at total taxes as a percent of GDP when evaluating tax rates because different countries have different systems of taxes.Japan has rates almost identical to the US.

The house is a steal on its own, but I'm just trying to figure out if it's cost effective to pursue a subdivision.

.- Every unit is nearly identical- all 2/1. 2 units per floor, 2700 sq.ft. per floor.- Each unit has nice original hardwood in good condition that can be refinished.- Paint is peeling of the walls and a lot of plaster is broken.

@Kyle Penland I got the property at a steal for $70k.

Remus, I know Bowie...I actually lived in MD for a bit...long enough to pick up a steal in College Park...Why don't you look up north of Bmore?

Also ask for there handyman list they will give you the name and number. and ask about light fixtures that may have a hair size scratch what a steal you can get.2).

They don't want to spend the money on anything - to make the building safer (we have a number of people that are jumping over a wall and break into cars and steal other things) etc.

I could show you a million examples of how you could rent similar if not almost identical property for less.

Then every month when the automated water bill is generated and sent to each tenant it is identical to the pricing structure you city charges.

a lesson apparently I am still trying to learn and that is holding subs to a timeline and also getting them to clean up their mess when they are doneI also would not have over remodeled on flips ive done. the $35 granite would have sold just as well as the $55 granitewith hindsight I would have begged borrowed and steal to buy as many homes back in 2009-2010