@Jeanette LandI always recommend using a tax professional.

And she’s the one that released the latest tax rates and year to year comparisons in September of 2024.

The big pro that sticks out to me in Birmingham is the tax rate. 

The process will be slow, but with patience and smart planning, you can move forward step by step.🔹 Property Tax Relief – If your property is severely damaged, you may qualify for reassessment and potential tax refunds.

-While rent would be more expensive month by month, the idea of being able to take my equity out of my home and also being able to reduce annual repair costs, property taxes, etc. does seem appealing to me. 

the note is converted or exchanged for credits?  

They offered to give me a credit on a future loan.

However, this means you’ll need to comply with the annual filing, franchise tax, and reporting requirements in both states.

I always like to look at several years worth of property taxes.

My strategy incorporates asset protection measures like LLCs, specific trusts as well as professional property management to spread risk and ensure quality operations.As well as using tax codes to my benfiitSection 179, IRC Section 162, Cost Segregation and Bonus Depreciation and later 1031 them out for larger projects.