Running an Airbnb on the same property as your primary residence, is much different than a separate property.

Allstate quoted me $3600 for a replacement value of 380k, for a property that will likely close at 50k!

If you are buying cashflowing properties, your DTI should improve with every property.

If this is a good friend, tell him to find a reputable property management company and you can just be the eyes and hears on the property.

Soon I'll be purchasing my first ever investment property (Virginia) (MFH) and I honestly feel like I made a mistake.

This was done to protect senior citizens on fixed incomes from being forced to sell their homes due to unaffordable property tax increases.Since the passing of this amendment, all properties in Michigan have two property tax values associated with them:State Equalized Value (SEV): supposedly equal to 50% of the market value of a property, not based on recent sales price.Taxable Value: the SEV annually capped as long as there is not a transfer of ownership.City Assessors are charged with determining how much property values have changed each year.

I thought it made perfect sense to get a 6 unit property for the price.

Can they prove how long it takes to rent a vacant property?

If the property is vacant, you will attract a larger pool of buyers as not everyone looking for a house wants to use it as a rental.

It’s clear that your background in finance and hands-on experience with property management gives you a unique edge in helping clients navigate the real estate world.