This was done to protect senior citizens on fixed incomes from being forced to sell their homes due to unaffordable property tax increases.Since the passing of this amendment, all properties in Michigan have two property tax values associated with them:State Equalized Value (SEV): supposedly equal to 50% of the market value of a property, not based on recent sales price.Taxable Value: the SEV annually capped as long as there is not a transfer of ownership.City Assessors are charged with determining how much property values have changed each year.

Purchase price: $76,000 Cash invested: $25,000 Bought a foreclosure to fix and rent.

I've done a few fix and flips and have decided I want to focus on multifamily properties in Columbus. 

Investment Info:Single-family residence fix & flip investment.

Purchase price: $25,500 Cash invested: $10,000 Sale price: $69,900 Quick Fix & Flip.Property was completely deserted & the family was indecisive about their plans for the home after a recent passing.

I just refinanced my 3.875 30 year to a 30 year fixed.

Fix/flip, PML and long-term rentals are my interests.

I am learning about Fix and Flip strategies (I've only done developments).I want to grow my income from Real Estate while working on developments (ie waiting for zoning, permits and building)What have become your go to finishes for fix and flips to maximize value?

Would you rather spend a half an hour on a phone call, and under $200 to fix a small issue now, or the other end you people being slum lords and not handling YOUR responsibilities in owning, renting properties????

Investment Info:Small multi-family (2-4 units) fix & flip investment in Bedford.