From a tax perspective, you'll want to take what you paid for the property plus calculate the improvements you made to the property during your time of ownership.

Michigan offers tax credits and breaks for development projects, especially in designated areas like Opportunity Zones.

Some folks might decide the savings associated with the below market rent is worth not drinking Quote from @Jaheen Ahsan: Hello,So I bought my first house hack back in July, and I've been trying to find roommates for about 6 months or so and haven't quite had any luck.

My mistake for not inspecting the property beforehand. Paid 12800.based on google mapsThe property is a mess. Need to clean the junk out of house .. hoarder . Bathroom and kitchen need redone. Large tree in back is de...

Though I am unsure how I would amortize the up front remodeling costs for P&L, tax accounting.2) Interest only loans term loans -  Would allow current owner to have cash flow on the property, without eroding the asset value. 

Cost to wait is maybe save couple grand on zoning attorney but could potentially make that up by earning some rent earlier (vs. unused space). 

They remit the taxes.

., I left Anderson for a small firm that will do the actual taxes and then another company that specializes in tax strategy. 

Dig deep into tax strategy, tax efficiency, etc  Learn about estate planning. 

Tenants save money when using a shared meter, so there's plenty of room for error when calculating how to distribute the charges.