Two (2) parcels in a manufactured home area, acquired through tax deeds and sold on open market with owner financing.A 2/2 condo acquired from the Forclosure action on the courthouse steps.A senior community 1/1 condo from a wholesaler.A senior community 3/2 SFR also form a wholesaler.All have proven to be profitable.

In a state with no income tax, I'm getting killed by property taxes of 7K a year for each property.

We would net $94k which is about what we put in.If we rent then our property taxes go up substantially and our total monthly cost jumps from $2900 to $3300 (PITA).

@Alex NgMost likely, income verification will be based on your tax return documents. 

Purchase prices were $1.2M and $715k.DO NOT use Elite Tax Consulting!

As a hypothetical: if your total mortgage, interest, taxes ends up being $4.5k per month and you can have each person paying $1,200 then your personal portion is $2,100.

Being the nearest city to California, the area is easy to manage, has low property taxes, and is favorable to landlords.

I’m my area Four Plexes are quite common and utilized.

Most would agree the top three are interest rates, taxes and insurance.

Make sure to research property taxes, insurance, and any outstanding utility bills.