The Taxable Value is uncapped and equated to the SEV upon a sale or other transfer of property ownership, with limited exceptions.Once you know the Taxable Value, you can look up the property tax millage rates, which each city & county sets separately (with voter approval).So, yes, it is very possible for property taxes to jump from $907 to $3200 if the seller has owned the property for quite some time.You can use this tool to estimate your future taxes after they are uncapped: https://www.michigan.gov/taxes/0,4676,7-238-43535_43540---,00.html

I’ll probably rent it out later but that doesn’t fit into the equation right now.

For example if you're negative $200 every month which equates to $2400 a year, but you can buy another property that cashflows $2400 a year then I would say it's worth it because you have two properties instead of one.

Hey!Does anyone have a certain formula to determine the highest offer for a certain property which includes some upgrades? I know by looking at comparables you can determine how much could be made on a property but ho...

Seems like someone would come up with a window that was coated on both inside surfaces so they would work on either side of the equator and no matter where you installed them. 

@Kaylan HaightYes you should rule of thumb I equate closing cost as 10%, just to be safe.

My new numbers assume 2200/mo rent for the building which equates to 550 per tenant. 

I doubt I would have had a successful first year otherwise.On average after about 100 phone calls a day to a combination of warm leads, SOI, FSBOs, expired listings, etc should get you about 2 appointments.2 buyer appointments should equate to 1 offer.You should take most of the listing appointments you get.

Plus you won’t have to travel there so you save all that money which probably equates to what the realtor’s fee.

Those would all be part of the equation.