I did make a trip to Detroit and drove around neighborhoods to realize 'every block is different'.Its still sounds lucrative wrt ROI, but with concerns of- Property taxes : probably most complicated of all states- Home insurance is too high- Property management is too variable, anywhere from 6-12%.

I initially looked at this deal as a flip but realized it works as a BRRRR and I would prefer the tax benefits to the tax penalties of a fix and flip.

I think it's about $2500 now to connect here, on Lake Norman. ( Considering how high the property taxes are you'd think the connection fee would be more reasonable. )  

On top of that, you are getting experience, you get some of the tax benefits of being an investor AND you get to enjoy appreciation, both forced and passive. 

Refinanced them both to get my money out but they only rent for $795 and $775 but property taxes are a little cheaper in AL. 

Jeff personally has joined strategic calls with my accounting team as we were planning both for implementing tax strategies and for strategizing for future growth, which was about 3 months ago, bringing us to the stage we're at today as we prepare to take on this new project.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

This can potentially limit their options for future home purchases.It's important for service members to consult with their lender and the VA (U.S.

@Jeremy H. not sure where you are doing your research - there's a lot of misinformation online.Short answer: Yes, the improvements that you make to your backyard do increase your tax basis rental property, but not all of the expenses can be depreciated.

We are from California and looking for investing in STR for tax purposes and good cash flow.