Scenario 1 Scenario 2 Base EAV 100,000 120,000 After-Rehab EAV 200,000 200,000 Incremental EAV 100,000 80,000 Property Tax Rate 5% 5% Property Tax Bill 10,000 10,000 Base Property Taxes 5,000 6,000 Incremental (TIF) Property Taxes 5,000 4,000 Second if you are not in a TIF district already as you state, it can be a huge legislative headache on the municipality's part to expand the boundary to include your property.

I remember reading something about the city rolling out new legislation to crack down on them.

Insurance - ValuePenguinNo rent control of any kind: Google searchPro-business legislative environment: Google searchWhat if your city does not meet these criteria?

However my concerns about it are that I'm in NYC, where we have inflated prices, mounting regulation and anti-landlord legislation that has become the trend in our market.

@Brian Jasinski keep in mind bonus depreciation is phasing out these next few years unless we get another legislation change so doing the cost-seg and STR loophole won't be as lucrative as it once was.

An aside is that I've been hearing that FL's Real estate Board is working through the legislator (TBD) changes to make FL similar to OH/OR re how wholesalers are more and more scrutinized.  

There are several reps working on legislation, hopefully they get something passed. 

Depending on where you portfolio is, 100 units will give you negotiating power to get 8% - maybe a bit less.Another point to consider - how prepared are you to deal with all the pending TENANT-FREINDLY legislation being worked on at the state and federal levels?

Down East, with the exception of Nova Scotia, the handling of landlord / tenancy legislation is relatively balanced.

Dodd/Frank legislation created a whole tier of mortgage lenders that don't sell to Fannie Mae because their terms don't conform or qualify to Fannie Mae or Freddie Mac standards; hence they are "non-qualifying" mortgages.