Presented by Premier Law PLLCAccording to Florida tax regulations, real property without a homestead exemption is eligible for a 10% cap on annual increases in its assessed value for real property tax purposes.

Shawn - I would suggest you develop a pro forma based on the stabilized state of the property to understand if it cash flows once all units are occupied being sure to include all reasonable revenue assumptions (rents, vacancy factor, etc..) as well as expenses (debt payments, maintenance, utilities, property management, taxes, insurance, turnover costs, etc..)

Over the last 2 years we have been trying to get a rent increase from section 8 as taxes, insurance, and market values made have increased.

However, the property does have Property tax lien and HOA lien.

- Property taxes and insurance costs are $101 per month- Down payment is 30% on a 30-year fixed rate of 5.5% interest- Monthly rent is $995 monthly- Closing costs are $5,500If you have this information when considering purchasing a property, here's what you'll get if you type this into ChatGPT:"To calculate the return on investment (ROI) and monthly cash flow for the property purchased, we need to consider several factors:1.

But, remember tax's, now tax's are gobbling up how much of that $2,500?

We will lose the homestead and that will cause a re-assesment and explode our property tax, but it is what it is.  

Listed some of the tax benefits you can receive while building an ADU and once the ADU is built from my research. 

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.

You'll also want to factor in any maintenance costs and property management fees.It's a good idea to consult with a financial advisor or real estate professional to help you determine the best course of action.