The town it self is not that big...it would be really country if it wasnt for University of Florida, Shands Hospital and Santa Fe Community college.

I am ignorant on All Cash's assessment of special interest groups causing it, but I would have to agree that higher end and commercial property is undervalued on the tax rolls and therefore undertaxed in Texas.There is no conveyance tax in Texas, and the purchase price is not reported unless the sale was through the MLS or if you report it to the actual taxing district (they request it in my area but it is not mandatory to provide any information to them).John, knowing what someone owes on a property is a tremendous negotiating advantage.

I am not objecting to the numbers.

Moving forward invest in your self knowledge and if you are going to loose money every month don't do the deal.

It has alerted me in the past to lawsuits in progress and upcoming assessments.

[I know it's only a 2/1, this is one of the only areas of town I'd consider such a home]Zillow's Zestimate is just over $300k, and tax-assessed value is estimated at $251k for this year.

It's got a lot of humor in it, much of it self-directed, which makes it enjoyable to read.all cash

You may want to consider setting up a self directed IRA and purchasing your investment properties through an LLC.

I am living with a roommate and assume we pay equal rent.Lately i've been reading some other threads and started doing the math using some of MikeOH's calculations and realized i might be losing money, especially now that my assessments went up and they levied another 3 years of special assessments.basically gross rents are about 18,000 (1500 per month)expenses: 9,000NOI: 9,000Debt Service: 9600 (800 per month)So if I used these calculations just to analyze the deal, I should have known right away I was going to negative cashflow.

Make no bones about it, this is being watched by other legislators (maybe from your state) and with the cumulative issues that exist in the real estate market/industry today (not to mention all the bashing in the media and growing public disdain), this could just take on a life of its own and spread like wild fire (to other state platforms)...Some of you might be reading this and say, "Scott's a lender and this is a self serving crusade from a self-important blowhard who sits at a table for one