We aren't zoned for a campground or RV park nor do we want to pursue changing the zoning to that, but keeping it low-key and low-density it doesn't attract attention, nor are we putting massive cap ex into it.

Quote from @Clayton Plummer: @Rob JoonIn your previous comment you said that Saugatuck city has a STR cap, but it was in its infancy.The township does not have a cap though? 

Purchase preforming notes capped at half your total deployable capital (150K)Then sale the future revenue of those notes through note exchanges, doing this will allow you to hedge the US real estate volatility while turning a profit from the market  

Do your balloons have caps? 

Homestead exemptions are for property tax and 1031 is cap gains/income.

If you purchase at a discount, then you'll be capped by your purchase price, not necessarily the as-is value of the property.

What are typical CAP RATES for the area?

In Florida, I believe the Homestead cap resets after a re-fi as well.

This is good news due to future increases in Taxable Values being capped:)@Nicolas Munoz The City of Detroit offers many 2-4 unit properties, allowing an owner to live in one unit and rent out the rest.

Since it's a commercial asset, you need to get all the data possible on rent, expenses, lease end dates, cap ex done and needed, to present a five-year plan to the private lender.