However, that's not always the case and is pretty heavily dependent on location.

When you talk to the township I would lean heavily with the fact that you assumed no permits would be needed because you weren't changing the square footage and you were doing the work, but I don't think that rationale will ultimately prevail - although it might help reduce the fine.

If you property is generating a solid income and is heavily themed you can be at the top of the market, but not like what you have outlined as in a commercial property.

Most of my client-base own and operate within CA, though several have out of state filings / properties / and are operating businesses outside of real estate.As far as real estate laws, my expertise leans heavily towards income tax strategies, filings and assisting clients through highly complex transactions, not necessarily property tax law. 

And while the rates will go down on your primary house, the amount of qualified buyers(real demand) is mitigated heavily when job losses occur.

Longboat / Lido is heavily dominated by condos and their respective associations. 

Lacking the uniformity and density, SFR property managers went heavily to more tech and less people (or at least remote people).

Anyhow, your decision to use a property manager is heavily dependent upon your lifestyle and how much time you have.

Also, our portfolio is very heavily concentrated in RE, diversification is seen as a positive at this point. 

Discussed heavily here:https://www.naiop.org/research-and-publications/magazine/202...