It basically exempts the first $75k of value from the assessed value for the millage (among other things). 

I came across some critical information today that I think is important to share with you:In the aftermath of the LA fires, it has become evident that some homeowners’ insurance claims have been denied or disputed because the property title was held in a trust, but the insurance policy was under the individual homeowner’s name.This serves as a valuable reminder to review your insurance policies and ensure that the ownership structure on your property title matches the named insured on their policy.

Do you stay at the sketchy looking log cabin for 300/night or do you go for the super well done cabin with a pool table, sauna and hot tub for 450/night - oh and they have a ton of reviews and listed as a super host.if you want to have steady cash flow and steady returns to INVEST into real estate then ditch the idea of MTR and STR and get a LTR in a decent areaIf you want to own a business than go for the STR or MTR model.

I would make improvements to the property only when doing so would cost less than the value added to the property.

Assuming I get an appraisal of $500K, I have ~$110k (75% of appraised value minus the loan) I could tap into for equity for a HELOC.Question: What is the process for getting a HELOC?

They have about 250k left to pay off and the value of the home is around 400k (based off of Zillow).

If you lived in a vacation spot that is open all year round and you can demand high values for nightly stays, then it makes sense.

Have you seen value?

You might want to review Airbnb listings that do just this and see how they do it.Mindy

I thought a great value add would be to add a fence to buy units (with a divider).I'm trying to decide what the best kind of fence would be: pine vs powder coated chain link?