The realtors always hike this since they and buyers think with a higher purchase price the Auditor will hike the assessed value and thus the taxes. 

Anyone who says it is okay to let the other side know what you are making has not dealt with dozens of assignments for large chunks.

It's not our job to assess the potential longevity of a couple's relationship or whether one partner may file for divorce or leave the relationship within the next 12 months.

In the industry this is most commonly known as a "Fix and Flip" Loan.We are correspondents with dozens of lenders who offer this type of loan.Most commonly, the loan will cap out at 75% of the ARV (But Investors do need cash, this is not a 100% financed transaction)75% has to include the purchase price and the rahab amount requested.The terms can vary greatly.The two most important areas that will impact the terms the most is 1.

Of the dozens of REI's we shared deals with; not one was able to complete a deal.

. - the seller gets the equity and I'm also paying property tax on a higher assessed value (vs. if I bought a distressed house at a much lower price, that I renovated)I'd be cautious buying old homes (e.g. 100 years old) that have been renovated.

Detroit is literally a block by block city and if you are not here to see the property you need boots on the ground that you can rely on to assess any potential purchase.  

So it should be assessed like every other deal: purchase price, rehab costs, rent level, expenses to operate, etc.  

Don't forget to research local regulations surrounding MTRs and STRs, factor in management fees if you plan on outsourcing, and assess your risk tolerance between a larger, single multi-family property or multiple, potentially distant, MTR/STRs.

Any time you can add more housing to the same lot, it's a good idea, but you first want to check with the city to see if you can and what you will need to assess those costs.