Property tax can eat into a majority of your rental property income, or significantly increase your housing cost. Considering that rental property investing is a slow, long game with respect to monthly income / cash flow — keep an eye on your property tax as a percentage of your overall expense! Some people don’t invest in Texas for that very reason. Its property taxes are extremely HIGH, which helps to depress its property value. But Taxes has no state income taxes — so it balance out IF you live there.
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