Property value ~$100,000 and will have tenet renters insurance in place. 

The 1031 exchange rule to defer your tax is two part 1) reinvest all your proceeds and 2) purchase a property (or properties / DSTs/TICs) with an equal or greater market value.  

Build connections with local professionals, talk to them in person, and value there time over yours.

Tons of value in learning property maintenance and tenant management.

Rehab costs and ARV (After Repair Value) are key parts of evaluating deals, so it’s great that you’re diving into these concepts early.For rehab costs, creating a rough estimate starts with understanding the scope of work and local pricing for materials and labor. 

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.

If they increased rents and values who’s the buyer?

How did you add value to the deal?

Whether it’s sharing strategies or collaborating on deals, there’s always value in teaming up.Feel free to reach out, and let’s see how we can make things happen!

Then I would have to do a little digging on the signers.. so if you can do the digging on the signers to get to them that I can see would have value..