Fast forward 15 years.Madison is a solid growing market, this a is a good neighborhood so +/-4% appreciation a year on average seems very reasonable.

This can make all the difference in the world when it comes to your cashflow for me I have 2 properties that fit this contrast well Property A I pay $7200/year in property taxes and Property B I pay $3000/year which as you can expect makes a MASSIVE difference in my cashflow comparing the 2 properties which have similar financials otherwise.Best of Luck but I would keep pushing to find the niche in your market that can deliver strong financials but doesn't carry the HUGE property tax bill.  

that is some story Amy A. ...

I've driven the property several times just to get in contact with the occupants. 1) They are never home. 2) When they are home (usually at night, lights are on) they don't come to the door.

Hi @Anne A - I invest in Boise, and am an agent in Boise.

Part A: I think of it as I have to raise rents each year to keep up with costs increases (mainly inflation). 

That number is largely driven by new jobs being created in downtown, and a trend known as urbanization or "manhattanization" where across the country we see more and more people who prefer to live in dense, urban areas.

I think I agree with some others here that 'A' is too expensive (thus low or no cash flow), and 'D' is too troublesome.Our goal is to get pretty good cash flow without a lot of headaches (just like everyone else, I'm sure).  

Originally posted by @Ginger A.

However, we were driven and kept reminding ourselves of the bigger picture and goal.