page=LoadVirtualDoc&BookmarkID=6536) that capped annual increases to the Taxable Value of a property to the lower of 5% or Michigan's Cost of Living increase.

Capitalized costs increase the basis and depreciation deductions over 27.5 years.

I think the SMS automatons alone for GHL are worth the price of admission.

With a few tweaks to the management structure, and with new leadership, I figure we can greatly increase the revenue.

However, now that we know, and you, that you were intrigued by this idea, it’s worth you pursuing the intricacies.

Your son is likely paying more than the property is worth, by definition, as the seller would almost certainly prefer a similar offer that was not subject to. 

Thanks.It’s definitely worth a conversation with your neighbor, but as others have pointed out, they might see it as you benefiting more than them.

I have spent the last few years reading many books on real estate, taking real estate courses, researching, saving as much as I could, investing (to increase my purchase power) and finally feel I can begin my real estate journey this year. 

An experienced property manager should minimize vacancy, increase income, and have connections with contractors and other professionals to manage your property well to maximize your return on investment.To Your Success!

It's worth doing the call with them because that's free.