It's not uncommon, and actually normal, for the operating entity to lease from the LLC that owns the building.

Hey Jamie, I am actually a property manager located in Jacksonville, FL and work with several investors in the area.

I doubt it was actually live.

And plenty of people wholesale mls all the time and get deals it's actually quite common.

Basement was actually  7.6ft so we had to dig.

It’s not just about making the space look great—it’s about making it functional and thoughtful for how your guests will actually use it.For example, one of my properties is located near a nature park where my guests often go hiking, biking, canoeing, and sailing.

I actually just did a live stream yesterday on my channel (youtube.com/@brady_morgan) that went over this exactly.

That's the starting rate and then there are millage rates that bring it down to the actual tax rate.

Hey man, so I actually left my W2 (biotech) and joined real estate full time due to the number of properties/cash flow I was getting.

Good luck.  100% agree that the way to actually make money in real estate is through appreciation, however I think there is a point for that in every investors journey.