Originally posted by @Danny Redding:@Joe VilleneuveIn my experiences with Ga assessed values, you can appeal based on market values or conditions, and have your tax liability decreased.

@Anthony BarbatoYou can do whatever you want with a property you own - that is, until it gets red-tagged and/or you get into a "ghost ship" disaster like mentioned above. 

Ben,To put a bit more meat on the bones for readers who are not used to syndications, what would you expect to pay for the 'overheads' if the deal size was $4M?

You're not accounting for CapEx or managment, which are going to put you into the red.

But is that a red flag 🚩

If someone is offering you to invest in a deal at a first conversation, that should raise a red flag. 

Admittedly, this is a possible red flag...if anyone knows how to estimate an ARV in a situation like this, I’m all ears.— The $250 number is AFTER taxes and insurance (either being paid by her already in her current mortgage, or by me which I will roll into the $1300 monthly payment) and after landlord utilities.

Wondering if that's a red flag to run for the hills

And they were never going to lend it to me at the low rate that ML is going to lend it to me.The interest rate on the LMA is variable.

I'm not saying that automatically discounts their point of view, but it IS something to think about.Hell, I'd buy it from you if you'd sell it to me at your cost.