taxpayer Wrote:
-------------------------------------------------------
>
http://www.connectionnewspapers.com/article.asp?pa
> per=66&cat=104&article=93230
>
>
> Looked it up on the FX real estate assessment -
> sold 9-13-06 for $460000 and the owner's mailing
> address was in Sterling. Guess it was bought as an
> illegal investment property and collects under the
> table cash from multiple tenants. IRS fun.
>
>
> That owner might have been clearing a couple
> thousand a month if the place was stuffed.
That's what happens when you try to turn a Single Family Home into an apartment complex.