Since we pay taxes in arrears, the appeal process must move along quickly as they are payable in November (at a discounted rate).

I'm glad you were successful.

I goal is to find a market that has good appreciation rate with good to decent cashflow but out of the two appreciation matters more to me.

I’ve personally seen a lot of successful house hackers in the Metro Detroit area.

What is your current rate and what are you being quoted?

We have been working in the affordable housing space for some time, and this allowed us to partner with the local community and provide a housing solution they need as their city continues to expand with new jobs they are successfully bringing to town.

While these deals were successful, I realized that the cost of using hard money significantly ate into my profits.

- Each Housing Commission sets their own rent rates, based upon market rents for Class C properties in their area.You should be able to find an online list of S8 rents per bedroom for your area.

With that low interest rate, you will have paid down a lot of equity in the deal and should be able to finance with a bank.

Sounds like you set yourselves up for success, and it’s paying off!