Sooner or later someone will move out and you will need to repaint, someday you will need the furnace worked on, or a new roof, or you get a special tax assessment for something.

I have a contract for my third property, this is lower end than I am use to. It's in zip code 46224. Indianapolis. Not the greatest area, but not a war zone, seemed like a quiet neighborhood with multiple types of ...

If your house is assessed anywhere near purchase price, $1500 is a steal in Texas.

Your numbers.If you're going to be attempting long distance wholesaling, you need boots on the ground that can go have a look and give you an accurate assessment of the condition and an estimate of the repair costs.

The second lot i purchased at 3k, the assessed value with the county is 12k.

I typically stear clear of condos - mostly because you never know when a special assessment will pop up....

A mortgage company will assess if you can actually afford both mortgages.

Looking at a deal on a duplex that I would owner occupy - there are very few multifamily properties available in my area currently and all seem to have what I think are inflated list prices.1,976 sq. ft. 2 bed, 2 bath per unit duplex built in 1969, 2 car garage.List Price $137,750Current Tax Assessed Value $100,800 (prev. $116,000 average)Located in a desirable neighborhood with SFH and MFH mix close to an elementary school.Gross Income $14,400 annually (verified currently getting $600 per side rent).

But, if there is one Parcel Control Number, or one Tax Assessment including both lots, then it's definitely one Parcel.

.- You are going to have other expenses besides taxes, which will be based on the new assessed value after the sale, but I think should be roughly around the $2000 you are calculating.