Guys I have a property in GA and Fl. GA is my main home but I’m staying in Fl military. I called the city and she told me I only can have 1 home exemption is that true? 

Is this as simple as % multiplied by the property value?

Nothing beats investing in apartments (I have 1,000 units) in terms of multiplying your networth in a hurry (except hotel investing).

Are you going to live there 2 years, and you fix it up then you get up to $500k tax free [if you make that much] if you sell it, that beats a monthly cash flow any day.Typically you can use a GRM [gross rent multiplier] for most properties where you take the yearly gross rent divided by purchase price.

I have multiply properties, do homestead exemptions only apply to one of them?

Costs multiply, things get messy.

We also need to know the adjusted cost basis which is the purchase price minus the annual depreciation multiplied by the number of years of ownership.Now, let’s look at a rental property depreciation recapture example in six steps.1.

The math;  any market that is growing, new jobs, take a min wage job of $10/hr and a somewhat better job of $15/hr and multiply times 160x hrs (1 mo) =  10 + 15 x 160 = 4k after taxes = $3200 so qualifies for $1100/mo rental. 

Claimed CAP rate is 7.25%, Gross rent multiplier stated at 4.61.Annual numbers:Rental Income: 3,126,240...less vacancy of (343,866) gives us a Gross Income of $2,782,354.Property taxes last year: (380,472)Insurance:  Not known yetProperty Management assumed at 10%: (278,235)Advertising not known - Used ($5,000)Utilities:  Each unit pays own but assuming ($1500) for public lighting and will add clubhouse/pool expenses when I get the financials.Repair set aside amount at 5%:  (156,312)CapEx set aside amount at 5%: (156,312)Total Expenses:  (987,832)NOI:  1,794,522Mortgage Payment (looking for 100% financing at 11.5% for 25 years): (1,573,494)Total Cash Flow: 221,028I'm requesting the financial package to get more details. 

For example i would take my profit multiply by 20% capital gain and then multiply by (1-(22/24)).