Thats an easy fix DSCR all the way we do not look at income or employment.  1031 allows you to move the funds into the next property tax free. 

Property taxes are high in NB, but there is still money to be made.

The net proceeds would be the actual amount you received after deducting the payment to the program.It's advisable to consult with a tax professional to ensure that you accurately report the sale on your tax return, taking into account any payments or obligations associated with the program.

The net operating income (all expenses + taxes + insurance) of 12k sounds about right if this is an all-cash deal, but if financing is required, which is 25% down + CapEx, that beautiful 12k operating income shrinks down to around to 1.5k operating income which translates into $125 of monthly cashflow, and this is what gives me the 4.5 CoC that I was talking about.

Also, I have found errors in my last years tax return and I guess I need to point them out to him?

If it's too thin that a property tax or insurance hike takes you too low in cashflow, it might not be worth it.Good luck!

If you pull permits and renovate, both your property taxes and insurance are very likely to increase, causing your cash flow situation to decrease.

Let’s assume you are in the 24% tax bracket.

PA has some crazy law that if it is from an estate : borrower passed away then the auction bidder/winner is responsible for those taxes on the property which is nuts but the case

Does anyone know what is the difference between renting to a person using DDS services versus section 8 services.Since section 8 or DDS services is paid by the government why are landlords hesitant to take on those tenants.