The Complex is Houston TexasNet Operating Income from Mar 2014 thru April 2015 is 1,078,360.50

362 Apartment ComplexAfter repairs and new management, I think we can increase profitability 25%there are total of 6 apt complexes around, average rent for they other approx. 650.00, this complex average 555.00 month, If repairs, cosmetics are done rent can be raise to match area around to 600-650, witch will give a increase of 45- 90 dollars a unit. and 56 units that need repairs will increase there also. i figure a 2 year plan until profitability.Net Operating Income from Mar 2014 thru April 2015 is 1,078,360.50

I'm trying to setup some defaults and am stumped here.  I've been estimating Taxes as a % of After Repair Value.  How do I estimate Taxes by % of gross income?  I like the default for initial analysis.  

Just make sure you do your due diligence and work with an operator that has been around a while with a good track record and has a strong management team and good construction work.  

Regardless, look at the declaration because that will tell you the framework the Board can operate within.

You need to calculate your net operating income of the property.

Rent rolls, deposit reconciliations, venders, event tenant notes, key operational details..

A 10,000 sq ft greenhouse is more valuable to a nursery operation, if the seller can't find someone in the business that can use it, they are stuck.

I however do not think it is a good way to operate in the market place.  

Currently, I serve as the senior processing/operations manager for Experience Mortgage and Financial Services.