On the state side, in New York the law states that the following is exempt from transfer taxes: "a deed that effects a mere change of identity or form of ownership or organization but only to the extent that the beneficial ownership remains the same." 

The most reliable comps are where they all are identical in bed/bath/garage and within that 20% of size.

I spoke with a the city assessor in Tosa a while ago they said they are looking to have the properties on a street be correctly positioned to each other, meaning that they want to identical houses being assessed the same.

You can have two identical homes in different parts of town that could be 3x the home value and 3x the rent of the other.

View report*This link comes directly from our calculators, based on information input by the member who posted.I have done the numbers on two identical manufactured homes.

The benefit you get from manufactured homes, at least in our experience, is a lower price compared to stick built with almost identical rents as stick built.

The appraiser will find whatever comps are closest, and then they have a formula to add $10K for a half bath, 15K for a full bath, etc. it’s how they ‘even out’ similar but not identical comps.

Both units are identical floor plans and I was able to add a third bedroom (making each unit a 3 bed 2 bath) and tear out the kitchen pantries creating twice as much counter space as before with a much more open floorplan.

It sounds like its kind of in limbo, its in my name but held in escrow...One more general question if I may, an investor named Joe Crump talks about Multiple Mortgages and I'm wondering if this is the same thing as a wrap around mortgage that I come across more often.The structure of the deal is identical to a subject to, however the seller has significant equity that he would like to take out, in which case a second mortgage is created to the seller in the amount of the equity.

Apartments are identical other than upgraded appliances, re-grouted bathrooms, and kitchen backsplash (along with much nicer paint colors).