Don't forget to research local regulations surrounding MTRs and STRs, factor in management fees if you plan on outsourcing, and assess your risk tolerance between a larger, single multi-family property or multiple, potentially distant, MTR/STRs.

Any time you can add more housing to the same lot, it's a good idea, but you first want to check with the city to see if you can and what you will need to assess those costs.

Are special assessments likely?

The answer is ''you'' make self- assessment or study something related in what you achieve

If the rental license has been active within 3 years, you will be able to apply for a new rental license even if the base zoning is not compatible with a 2 family use.

Louisiana—Property Tax—Administration of tax sales of immovable property.L. 2024, S119 (Act 409), effective 01/01/2026, upon adoption of the proposed constitutional amendment at the statewide election to be held 12/07/2024, repeals numerous provisions related to tax sales and provides that the assessment of property taxes and other impositions on immovable property will constitute a lien and privilege on the property in favor of the political subdivision to which taxes and other impositions are owed.

So it should be assessed like every other deal: purchase price, rehab costs, rent level, expenses to operate, etc.  

Detroit is literally a block by block city and if you are not here to see the property you need boots on the ground that you can rely on to assess any potential purchase.  

Hello, Curious if anyone has used Deal Chek and what are the assessments if so? 

It's accurately assessed for 45k next to the train tracks and has a 16 foot wide easement right through the property.