Many major leases at the shopping center owned by JPG Smith are coming due in the next 5-7 years, so the development is not guaranteed at this point as much could change in the coming 5-7 years.Even if JPG Smith does decide to renew the current leases instead of developing, there is a strong likelihood of office development being done on the vacant space adjacent to the new Tech campus. but between all of the development growth residentially, with employers like Amazon and Virginia Tech, and the new metro station, I would not be surprised to see JPG Smith move forward with the plan to develop this new business district.

A property qualifies as Homestead for this exemption if an eligible owner files a Principal Residence Exemption (PRE): https://www.michigan.gov/taxes/0,4676,7-238-43535_43539-210891--,00.html#:~:text=Section%20211.7cc%20and%20211.7,purposes%20up%20to%2018%20mills.Many investors have gotten an ugly surprise when they bought a property that was a primary residence of the seller for the last 20 years.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

It’s smart to review the HOA guidelines before buying so there aren’t any surprises.

The city of Chicago has made a huge push to get rid of any lead service lines, so it's no surprise you have to mess with that.   

Besides being surprised that the numbers were not better, he had no other comment (he found zero issues).thanks I just asked because I was hunting for a cabin just north of Tahoe but have not checked insurance yet

Yes, but that's our whole business model, so it's not terribly surprising to us. :)You're in the right forum to learn about MTRs.

We back into the "strike price", meaning the maximum price we're willing to pay for a property, by starting with a conservative ARV and then backing off our required profit, the rehab cost, the time value of money (carrying costs and interest), and a contingency reserve for unexpected expenses.

Surprised no one has thoughts?

I wouldn't be surprised if I end up with properties in multiple states so not sure how much it matters where my LLC is located.