We plan to remove them all to protect from tax increases on our current primary, but I am afraid that now that the other properties won't have homesteads, we may see skyrocketing tax bills and it will eat into already small cash flow from rental income.Does anyone have advice for how to handle this situation other than just increasing rent?

Look for undervalued properties.Network: Connect with local real estate agents, contractors, and other investors for insights and deals.Analyze Properties: Use the 1% rule to evaluate potential properties (monthly rent should be at least 1% of the total investment).Secure Financing: Explore different financing options like conventional loans, hard money loans, or private lenders.As for timing, if you can handle the extra responsibility, starting now could give you a head start.

In addition lower rents will decrease the value of a property, not necessarily its appraised value, because no buyer will desire to pay retail for properties with reduced cash flow.

House hacking with an SFDU could be a smart first step since it allows you to reduce your housing costs while building equity.

In the long-run this could reduce turn-over, maintence costs, vacancy and the need in the first place to have to offer $500 discount off the first month's rent.

Do you think certain methods help reduce late payments?

David A cost segregation study can be beneficial for properties under $400k by accelerating depreciation to reduce taxable income.

If they fail to handle it, I will do it and charge them for my time.Another change I made was to add a no-deposit option to all my residential rentals.

His focus was on location, tenant demand, and ensuring the property could handle at least a 1.25 DSCR even in a downturn.

If so, how did you handle it?