So I have to wonder - what assumptions create the right mix of numbers for the 1% rule to work?

(I don't use Simplifyem but maybe more detail may gain more traction for a response?)

Here are the steps:Contact your local county assessor’s office to obtain the application form.Complete the form with details about the property and the transfer.Submit the application along with any required documentation, such as proof of purchase or transfer.Follow up with the assessor’s office to ensure your application is processed.ConclusionThe ATI Exemption is a powerful tool for property investors in South Carolina.

No doubt having a license and actively investing creates a lot of synergy.

I’ve come across a few investors recently who seem to have forgotten about that detail.

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.While the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall loss.

I will send you a direct message with details.

I can't even access all of my old property reports that I created with the calculator in the past couple months without upgrading to BP Pro.

So for me if I'm budgeting $250,000 on a remodel (with a very detailed line item budget) then I'll add another $50,000 contingency to cover the unknowns.

Another option is a Tenancy-In-Common (TIC) structure, where ownership is split between you and the LLC, allowing compliance with 1031 rules while securing financing.This post does not create a CPA-Client relationship.