This was done to protect senior citizens on fixed incomes from being forced to sell their homes due to unaffordable property tax increases.Since the passing of this amendment, all properties in Michigan have two property tax values associated with them:State Equalized Value (SEV): supposedly equal to 50% of the market value of a property, not based on recent sales price.Taxable Value: the SEV annually capped as long as there is not a transfer of ownership.City Assessors are charged with determining how much property values have changed each year.

The LLC is there to protect you from liability when doing business by SEPARATING your business from your personal.

Just trying to get as educated as possible before making any decisions, and setting up my asset protection accordingly. 

The issue we had is that over time, our sheets get mixed up with other customers' (cheaper) sheets, and we ultimately end up with an inventory of sheets that are not ours.

If you are just looking for principal protection assets you can do a lot better than empty houses, if that's what you are doing. 

With some of my clients, I've seen discounts of 30% to 90%.Here is a real-life example: I invested in a $50K note; it was second TD but with significant equity (over $200K) protecting my investment. 

exactly I fund wholesalers in SC all the time.. its a boon to my business  :)  these laws are sweeping the nation.. its consumer protection U just have to many deals go wonky and complaints are filed so regulators are finally taking notice to this acitivty..

They care about making money and protecting their asset.

Also, if your state allows it, add a clause in the lease and attach a fee to protect you if they leave without notice. 

If it’s in an LLCs name it s protected if maintained correctly.