In one of my markets assessments are performed every 3 years, and the cost of 3rd party appeals will cost 30% of 1 year savings. 

Sale price: $222,017 JWB Real Estate Capital helps busy professionals from across the world invest in real estate in Jacksonville, FL.

Just don't forget that this is a cashflow business more than an investment.

Or we gradually perform high-quality updates for a live-in flip, then roll the equity into a new home.Regarding rental income, we aim to boost income, lower our effective tax rate by generating more low tax-drag income with rental income (since there’s not much we can do to lower out W2 tax bills) and have retirement cash flow.To compare the financial impact over 10-20 years, we want to analyze renting versus flipping.

So you shouldn't count on appreciation to justify under performing STRs.

I'm not thinking of 'scaling' my business by becoming a 'passive investor' in someone else's business.

These estimated costs should then be reconciled back to actual costs or the purchase price.Have you had a cost segregation study performed?

If you have just one business it's not too bad(My wife uses it for hers) but it starts to get really expensive if you have a lot of doors and or multiple businesses. 

Obviously past results are not necessarily indicative of future performance, but it seems like a great investment for accredited investors to get a low-risk, solid return in exchange for some illiquidity.

As per the TK provider business model, property was bought cheap and rehab done (work provided).