I also asked about any plumbing issues, which I would get inspected during the due diligence phase, along with other major concerns.While I don't have much experience assessing houses and determining the extent of repairs, I’ve spent a lot of time in stores like Home Depot and Lowe’s.

I would throw away the goals and start by assessing YOURSELF and determine what skills and effort you will bring to real estate investing and THEN decide on an investment strategy that suits you.

For primary residences, taxes paid equal 4% of the fair market value of the home times the local millage rate plus any other local district taxes assessed, such as for fire or police, but with a school district tax credit.

Quote from @Gregory Schwartz: I agree with your assessment.

In many places the assessment process is done with limited and incorrect information in part because they don't have the right to enter a property unless the property owner chooses to allow it.

If caught, assess a fine.

I am not skeptical- I am just not the type of person that goes in to things without knowing to much and I prefer to ve informed, assessed and certain of what Im getting in to.

You are correct in your assessment of the area.

I'm particularly passionate about growing quickly from SFRs into Multi-family and currently developing tools to source and assess deals.Outside of real estate, I enjoy long-form conversations with brilliant people, or at least watching them when there aren't other people around to converse with.

Why do I have to wait if I am only doing a rate and term refinancing.You typically need to wait six months before refinancing an investment property, even for a rate and term refinance, because lenders want to see a consistent payment history and assess the property's value over time.