- Income and expense statements versus property tax returns – make sure the income amounts match.
- Proformas – Never buy according to brokers proformas!
- Operating expenses are always underestimated double check and verify them with a third party.
- Be wary of reassessing property tax bills, know when it happens and at what rate.
- And YES, location is always important, because no matter how good the deal you can’t fix the location.
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