Hi Shaheen, rental properties often get hit with higher tax rates because local governments see them as commercial investments.

If the laws are still concerning to you, then buy a commercial property, like an office or industrial property, in your area. 

This does only apply to residential properties, so commercial and raw land can still be assigned the way it used to be.

Compare these with potential financing alternatives, like a DSCR loan or other commercial products.Exit Strategy: What’s your long-term plan—hold for cash flow, refinance, or sell?

Any good commercial broker is going to trim the expenses down by 10-20% from what they will be for me when I operate the deal. 

@Marie CopulHunker down and pare down your lifestyle expenses as much as possible so you can replace what you need as quickly as possible.I did have a client take down a 57 unit mixed use apartment deal that added $1.1M to his net worth and $180k a year in cash flow in 12 months but those types of results are not typical.However, some type of commercial real estate would be my suggestion and one where you are driving the ship so you keep most if not all the equity.I have some ideas for you and would be happy to talk you through them.

It took me a while to find a great commercial agent to work with but that relationship has really paid off for me. 

The bank asked a million more questions than I get asked when applying for commercial loans but it was never really in doubt that I would get the conventional 30 year loan that I wanted on my primary.

Something similar has happened to me and group of others with McMann Commercial Lending, McMann Capital, Walter Trock, Michael Lanza, also Genie Investments, David Hughes, and Mike Conner.

I'm a commercial broker.