The market is just not that efficient.

Hi Hoa,- Hard money is fast efficient, expensive,  it has high rates and points and shorter term 6-12 months or less typically with extensions available- HELOC typically has no points but prime + 2-3% margin right now is almost the same rate as hard money and closing costs are a lot less than hard money and you can rinse and repeat and reuse it after paying it off so yeah overall its better than HML (hard money lending)Thats just the beginning of your research, the reality is in real life you might need both sources, make sure to have both ready and start with the best execution or option first and always be ready to use the others if the need arises.rehabbing is messy AF especially on older housing Illinois housing stock from 1895-1940's.

The next steps in paper work were pretty quick and efficient.

I would think you would go the extra mile and provide them with the trailing financials to help them make an efficient decision in a highly inefficient market.

I have short term (12-24 month), 5 year, 10 year, and 15 year projection models...sometimes I'll mess around with longer term (20+ years) projection models, but it's pretty difficult to project that far into the future, because there are so many unknown factors--so, the longer the projection model is, the less I tend to believe in its feasibility...My projection models allow me to make more informed decisions about things like: whether to buy or sell a particular property, whether to refi a property, whether to rehab a property, whether to pursue or abandon a particular revenue stream, how to approach rent increases, how to manage risks, what debt to pay down first, whether a particular goal is worth the amount of hours I'll need to work to achieve the goal, what my goals should be, how to achieve various goals as efficiently as possible, etc., etc.A good projection model will show you not only how to reach various goals, but it can show you all sorts of potential roadblocks that could prevent you from reaching goals (as well as potential solutions to those problems).

Is there an efficient way to find the neighborhoods that have the least taxes?

I need to start looking for a more efficient property manager.

, but it will make your life so much simpler and more efficient if you set up a bookkeeping program from the start because eventually you're going to want one.

It isn't always 100% tax efficient to do this, depending on circumstance)

This journey, is the transition from primarily active (ordinary) income to a portfolio characterized by passive income streams, benefitting from tax-efficient strategies like PALs.