I am trying to figure out the numbers to see if it is profitable.

I will love to network now and offer my help as well to anyone who needs it.

In my lease and my contract with owners, I do 2 interior inspections a year and 2 exterior  or "drive by".

No I can't do that.The next day it drops to 25k. 

How do we feel about home equity agreements.

To repair the pipe it is pretty easy - dig, cut out the pipe, and replace it.

Also there isn't as much appreciation in the area, it takes longer to evict (MUCH longer), and they have lien-able water and gas - so if someone skips out on the bill, it's on me as the property owner.My point is, high taxes are just one consideration but not an end all be all.

@Mason Field, @Ashish Acharya has it right.

Were you able to do it in 10 years or less with rental properties?

Do you live in the Philly area?