To give you some perspective on what those tax increases can look like here are some examples of the changes based on some of my properties that I own in the city:$4096 -> $5522 (+1426)$3850 -> $5516 (+1666)$3835 -> $6283 (+2448)These are only some examples, but all of the properties that I own have increased in its tax assessed value, therefore drastically increasing the taxes per year and decreasing annual cash flow.While tax assessments are normal it seems that this is a very drastic effort to recuperate losses.

The initial phase will involve a registration requirement and an as-yet-undetermined annual permit fee per unit.

Landlords with 50 units or more would be limited to a maximum of 5% annual rent increases.

Annual fee from the state.

I didn’t like the expense involved when I researched cost of maintaining a business account to self manage 1 rental and found that the LLC route wasn’t necessary if we maintained an umbrella policy, so I just keep track of rental income and expenses (not that hard) on the one I self manage and any extra expenses on the ones managed by property management to add to their annual summary for my accountant.

For your New construction program, we have an SBA program where we can get you up to a $5m Guided line of credit, with By Annual Payments, the line is good for 5 years. 

You'll want to look more at the closing costs than the interest rate since you should have 50k worth of work done in a few months and your rate is annualized meaning that you'd be paying about 1% interest per month.

PLEASE NOTE: I want to sell by mid-October and with current market volatility, considering renting for a year if necessary and listening as Rent/Sell.Upsides to RentingLuxury condo that presents well, in a growing neighborhood that should appreciate well.3.375% 30 year fixedWilling to hold long termDownsides to RentingNon homestead taxes will be 14K Annually!

We're also $40/unit ($32/month paid annually) so you may want to consider our services as we manage over 15,000 properties in every US state and have 4.8/5 star reviews.Let me know if you'd like to meet to discuss how we can help with your rentals. 

There is so much inventory that owners are turning to annual rentals and now that market is completely saturated.