In my experience, the turnaround time is fairly short and can be done in January/February and still leave enough time for your accountant to file taxes. 

Having a good game plan as an investor is key, making wise purchases, accurate budgets, holding subs accountable and to also know, yes, this may be the  current ARV at purchase, but how is this market trending and what’s our timeline.

Those that respond “$0” or something ridiculous, you can request income documentation from them to justify.Don’t be afraid to share with them how much your property taxes & Insurance increased and that YOU cannot afford to absorb them.ALWAYS get an increase or something of value annually when rents are increasing or tenants will start thinking they should never have an increase, making future increases that much more difficult to negotiate.

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.

There is always a chance that rates will drop, but I would imagine $25K would buy down the annual rate so significantly that you would never see a lower rate offered by a bank so you wouldn't even think about refinancing.

I've been working with job titles like construction project manager, who doesn't know a lot about construction but coordinates architects, engineers, GCs etc, the VP of RE management, who also does not know a lot about construction but oversees site selection, lease negotiations, property management, RE accounting who writes my checks and does annual CAM audits, and other jobs like that.

I have to say, I was hopeful $800 annually would be attainable, but figured it wouldn’t be likely.

So, they should be accounted for separately.

I have 17 years of corporate RE and compliance experience, so the LIHTC reporting and annual financial audit does not scare me.  

Will the city and insurance company hold me accountable and give me penalties even if it's living in the basement myself?