The Taxable Value is uncapped and equated to the SEV upon a sale or other transfer of property ownership, with limited exceptions.Homestead versus Non-Homestead Millage RatesCounties & cities in Michigan are allowed to set their own millage rates, with one restriction – a primary residence (Homestead) is exempt from up to 18 mills of school taxes on their Homestead property.

I am only familiar with Texas and while there is sometimes limited flexibility it’s basically 100% due at sale.  

Are you setting a one person per room limit? 

Are there infrastructure limitations, i.e. main sewer can't support 100 new townhomes feeding into it?  

And they only offer homes in Houston, which really limits things.

People don't have control over the operations of a syndication as a limited partner but they do have control over what syndication they put their money into as well as what operator they invest with.

Just keep in mind that condos still have HOA rules and fees, which can sometimes limit rental options or add extra costs.

Compare that to Vegas, where rules can be restrictive and condo-hotels often come with sky-high fees or limits on how you can use your property.

This can lead to consistent limit increases every quarter, which opens up even more opportunities for growth.Having good rapport or a strong relationship with a credible accountant to help simplify and oversee this process is an amazing idea and highly recommended.

They can limit what property owners can do, including house hacking.Even if the city has no restrictions, if legally binding and properly recorded, covenants can enforce rules that supersede local ordinances for those living within the neighborhood.