Here's how to handle your situation for tax purposes based on IRS guidelines:1.

Hi everyone,
I’ve been a landlord for a while now, but this is the first time I’ve found myself in a tough situation like this, and I’d appreciate some advice.
I have tenants who have been with me for 2 1/2 years. T...

It comes down to how each county handles property tax valuation.To put it in generic terms - a title company & lender will base your initial mortgage payment on the property taxes of the previous owner.  

Quote from @Brian Rocha: I'm looking to secure a HML for a fix n flip in Florida and for now and am only looking to secure for the purchase price only and handle the rehab costs myself.

So we need 3 maintenance incidents per week, personally handled by your wife.

If your portfolio is large enough, 5% is better.Now, some people believe that this diversification reduces the chances for a large gain.  

Over time, as property values increase, your wealth grows.Tax Benefits: Rental properties offer tax advantages such as depreciation and mortgage interest deductions, which can help reduce your overall tax liability.Scalability: Once you’ve mastered the BRRRR method, it becomes easier to replicate.

I highly recommend them to handle all the business structuring. 

This lesser-known strategy could help you save money and reduce your monthly payments without the hassle and cost of refinancing.

A professional manager can find qualified tenants who respect your home and handle day-to-day issues.