Each city is seeing a fall in revenue from the taxes from hotels so they are doing everything they can to get that money back.

.-  Monthly Expenses:  taxes: $125, water/sewer: $150, garbage $50, insurance: $125, repairs 5% (newer finishes, metal roof), vacancy 5-10% conservatively.-  I'd be looking at a conventional loan (possibly owner contract) with 25% down.  

There are signs of neglect all over the property, and the 35k price tag is a best case scenario if we don't find more..I can get a newly flipped property across town with similar taxes and insurance that would rent around 550/mo and they are asking 42k.

I'm looking for a professional business tax preparation recommendation in the Atlanta / north Atlanta ga area.

Tax - 2.6k (6%)Landlord Gas Water Heating - 1.3k (2.9%)Landlord Gas+Oil Heating - 2.8k (6.5%)Landlord Other Utilities - 5.5k (12.6%)Insurance - 1.1k (2.6%)NOI - 11.8kLending costs - 8.6kAs is, cash on cash would be 5.5%Is (eventually) getting 10% cash-on-cash realistic here?  

you have a lot of questionsI'd see a senior property manager - broker in MOAnd get licensedGood tax people here@Brandon Hall@Steven Hamilton II@Bill Walston@Bill Gulley is in MO

This is why we are almost exclusively a B/B+ turnkey operator, it is very difficult to find the kind of deals in A areas that leave enough margin for instant equity to compensate for the reduced cash flow (due to high loan payments, high property taxes, etc).

I haven't done it yet but I think you can go get them at a physical office.... but I wanted to see if anyone has some info on what some of the indicators mean that I'm seeing.For example, on two of them it comes up with a Tax Status of exempt.

I personally want to see $300/m above my mortgage, taxes and insurance for a 15 year note and $400/m above a 30 year note 

Do you show income on tax returns?