Hey everyone,It's been a few months since I posted on BP. I've been too busy rehabbing my 3 unit apartment building to really focus on anything else.But nonetheless, I have been keeping up with my less-than-profession...

However,  if all those costs to code makes the property double or triple the ARV, it kind of speaks for itself.

Milwaukee home prices have doubled since 2015 and interest rates are now 7.5% - 8.5%.

I believe that double what the rent currently is a fair rate for the market. 

Simplified example: if all assessments would exactly double, individual property taxes would stay exactly the same.Milwaukee is currently the 2nd most competitive market for renters in the US, you can watch a video on current Milwaukee rent increases here. 

If you get down to where you are thinking, "We might only own this for 2 years" those expenses don't get divided up by many months and could impact the analysis of what is smarter to do... because you will probably pay double those fees when you sell it.  

I am referring to the double wide units that are delivered in 2 pieces via semi trucks.I Also agree that building codes are different by state/city.

There shouldn't be double taxation because rental real estate normally operates at a tax loss.The potential time that there will be a tax consideration is when you sell the property.However, your resident state(MN) will provide you a credit for taxes you pay to a different state.This will avoid double state taxation.In general, California state taxes are higher than Minnesota state taxes, therefore, you will be paying the higher of the two state tax rates, which is California.

Frankly and I was there Armando's students killed it.. we were early into Vegas in 2011 to 2013 buying homes basically all sub 120k I know if funded tons of them now average price in Vegas is closer to 300k for the same props.. when the foreclosures ran out ( thats what I was funding the flipper who was providing the inventory to Armando) they moved to Orlando and same thing we provided capital to buy fix and then sell to Students plus non recourse funding for IRA buyers.. same thing Students bought these for 70 to 120k each everyone of them has doubled or tripled.. 

I have the opportunity to buy an off market double wide manufactured home for half of market value, but because it was built prior to 1976 I can’t get anyone to lend on it.