A high property tax rate will increase the taxes more quickly as a percentage of total expenses when the property value increases.

@Owen RosenI appreciate the quick reply Owen.

Hey @Collin Hays so after a quick look I think I like the wedding venue thing.

Just a quick introduction. 

Typically the loans are for less than a year and they require speed for the flipper to be able to offer a quick close. 

Do this quickly because some counties have a time limit on when you can appeal.I recommend you research the market for:- Comparable Property Sales- Condition of your property, including anything that may affect your property's value- If you are really serious, an expert appraisal may be worth the effort.

Without standardized processes in place, costs can rise quickly, timelines can stretch, and profits can dwindle.- Standardized Renovation Models: Establishing a clear scope of work for different property types can help manage costs and reduce unnecessary decisions.

Its a quick and easy addendum to prepare. 

Quote from @Devin James: Im currently learning this lesson with New Builds that have taken twice as long to complete than anticipated.....Finishing a Real Estate project ASAP is critical because...1) Holding Costs add up quickly- Loan Interest- Property Taxes- Insurance2) Investor Capital- Our financial projections are dependent on how fast we can turn our investors capital.

I'd start by giving all residents the required notice (usually 24 hours) and go inspect the units as quickly as you can.