This might reduce your payment by half!  

So they cut the values in half and then raised the tax rate 90%.

@JP LeonardAs you mention you cannot subdivide the lot but as a partition agreeement I think that would cause serious heart ache for you to sell later and for whoever owns the back half as well later on.Recognize also whether a bank would also lend against this type of deal.

Purchase price: $230,000 Cash invested: $170,000 Two homes on half an acre.

This is about 50 units - half traditional hotel rooms and half more studio/1 bedroom weekly or monthly rental.

I'm now working on my second "dive into full-time REI" hahaThe first time I thought that I would be able to generate cashflow out of thin air and that I could half-*** my side gig of being an RE agent for investors. 

As a lender, we do not lend on flips in the North half of NJ.

If you're interested in low-income housing, Kitsap County gets to charge rates similar to the Seattle market while costing half as much.If you're interested in more than cosmetic value add, you can do some construction/development to take advantage of EHB 1337.

The land is about half the cost of the Heights.

If you look at tenant preferences over half prefer apartments with about 30% wanting an SFR.