In several California cities there is this concept of 'banked rent'; that is rent increases from past years that were not applied.

How do I apply for section 8 in Michigan?

Im pretty sure the ATI exemption will only apply if the property was previously assessed at the 6% ratio when the transfer occurred (i.e., when you bought it). 

Using advice from people with more experience than you in locales that differ from you spells disaster if that all doesn't apply where you are building.   

If you closed on your first one yesterday, then applying for your 2nd one probably isn't a great idea.

When you apply for a refinance, the lender will order an appraisal to determine the value. 

I'm considering applying the BRRR method to my own home, without renting it.

How do interested tenant prospects apply?

Like most advice surrounding passive investing, this advice may apply in certain cases but the answer really lies in due diligence on the sponsor rather than a broad-brush rule.As a longtime syndicate sponsor I've been funded by both HNW equity and institutional LPs, so I've seen both sides of this first hand. 

This may not apply everywhere, but it is a common situation.