So, potentially 2 sets of taxes need to be paid.

The Taxable Value is uncapped and equated to the SEV upon a sale or other transfer of property ownership, with limited exceptions.Homestead versus Non-Homestead Millage RatesCounties & cities in Michigan are allowed to set their own millage rates, with one restriction – a primary residence (Homestead) is exempt from up to 18 mills of school taxes on their Homestead property.

It’s really good to have a set of eyes (you and/or a bookkeeper) to make sure each transaction is going to the right LLC and/or property and is accounted for properly.

But we are setting things up legally for her to take all that she needs in the event of something happening such as if I die or something.

And @Scott Trench staff has helped me hone my page other wise I could not figure out how to load all the info into the profile pages and set mine up..

I’m considering coming in with an offer around $600K to $650K with seller financing and setting balloon payments once the land is sold. 

Instead, we decided to try a “cash-for-keys” approach, offering him financial assistance to peacefully vacate the property.My wife Shelly and I went to the property to speak with him in person.

It sounds like you’ve got a great set of hobbies too—having that balance will definitely keep things fun as you work on building your portfolio.

But I recently upgraded and used a local designer who has given me full sets of interior colors and exterior colors so we can properly design each home

I don’t want an impulsive tenant to pay a visit to my house if they are upset about something.Unfortunately, since setting up the LLC, I found that a few weeks later I was easily able to tie my name to ownership.