@Shaheen Ahmed you can find all the info you need online if you know where to look - except that the City of Detroit Assessor's Office is consistently undervaluing properties to keep property taxes attractive for investors - to keep improving the city:)Here's some copy & paste infor for Michigan Property Taxes that you might be able to use as a template for other areas - or you could start investing in Detroit:)----------------------------------------------------------------------------------------------------Michigan has some of the most complicated property taxes in the USA.

I've tried many other personal finance tools and consistently had problems staying connected, so they're the exception.

Exception would be body soap, I order 15 packs of Greenwich Bay on Amazon because they come in 1.9 oz bars, smell nice and have a high end look in package.

Listing prices for areas like near the Smokey Mountains are exceptionally. 

This would not necessarily be the case, or the spread could go the other way, though such motive could present one reason for conversion.I am not even sure if rent control gets eliminated through a possible condo conversion in most towns in Hudson County - West New York, for  base condominium rent > $1000, is one exception, it seems valuable to determine the others.

I think people like to talk themselves into properties to HOPE it will turn out okay.Now are there exceptions out there?

There are also some exceptions to convince the underwriters to use leases if there were major repairs for that house/unit proving that the schedule E numbers are not showing the full potential return, then you would be able to use the leases as an exception. 

I would proffer that though that no one is building NEW mobile home parks with some exceptions for long term RV parks which continue to be developed. 

The only exception to this is if life circumstances happen and you CAN'T.

A lease is very much like a deed except that it transfers only certain rights to the property and only for a specific period of time.