It's VERY common that rentals have no exemptions and the sale of a residence then placed into rental service invokes a new tax assessment and the current rates at the time of the sale.In California, the property tax rate is composed of three types of levies: general tax levy, voter approved bond indebtedness repayment, and special district assessments.

The music will eventually stop if distributions have to be made.The best protections for this is having a good accountant looking over the books.  

I'm a romance novelist who also plays cello in the state orchestra, and my husband doesn't like romance novels or classical music.

It's a game of gambling and musical chairs.

My question is, when is the music going to stop?  

These days, you can't stay on BP for more than 5 minutes without seeing a thread about investing OOS in Memphis...It is absolutely becoming the new Las Vegas, in my opinion...When the music stops, and it will and it always does, Memphis will be a ton of OOS investors competing for limited numbers of tenants....

Professors might be good long term tenants if they are in music, art, math, IT, or anything other than law or poli-sci.

One thing that I have done is to listen to the podcasts in the car instead of listening to music.

So much time we waste by listening to music.

The days of straw men, musical chairs and west Texas fill land.