All in all it does function very much like an interest only second mortgage on a property.

Wayne County seems to push that function to the city level. 

Only one unit was functional. 

Hey @Lance YangProperties tax are not a function of the usage of the property.They vary from one town to another and they can vary significantly.

@Tevin Swain I would honestly check out the podcasts on here and use the search function on the top right.

Building codes and permits are primarily a city function, with some input from county level on certain subjects, such as Septic Systems.Primary contract will be in the Planning & Zoning Function of the local city.  

Also, apologies for using the quote function in all of these replies, I cannot figure out how to reply to specific comments or @ people yet... 

@Cameron AndrewsFees are a function of state departments.

The valuation methods are:  Actual Cash Value, Functional Replacement Cost , Replacement Cost .

I haven't bought anything from it yet but I've met some terrific people and seen some opportunity.I don't know why my @function isn't working but you can find JJ by searching him here and the the Dealmaker's is usually posted in events.