This was done to protect senior citizens on fixed incomes from being forced to sell their homes due to unaffordable property tax increases.Since the passing of this amendment, all properties in Michigan have two property tax values associated with them:State Equalized Value (SEV): supposedly equal to 50% of the market value of a property, not based on recent sales price.Taxable Value: the SEV annually capped as long as there is not a transfer of ownership.City Assessors are charged with determining how much property values have changed each year.

I thought it made perfect sense to get a 6 unit property for the price.

Can they prove how long it takes to rent a vacant property?

If the property is vacant, you will attract a larger pool of buyers as not everyone looking for a house wants to use it as a rental.

It’s clear that your background in finance and hands-on experience with property management gives you a unique edge in helping clients navigate the real estate world.

Quote from @Jeff Henderson: Looking for recommendations for property management in Florence, Alabama.

Installed 3 brand new hvac systems in each unit, undated kitchen and bathroom and added security cameras on exterior of property.

Do they provide a HELOC on an investment property?

@David Switzer, while I am 100% for staging residential properties and I completely understand your thought process here, the challenge is knowing what use you will be putting in your commercial space.

They can make your property more attractive, help retain tenants, and potentially justify higher rent.