If I recall correctly, if you self-rent, that triggers a clause in the tax code where the rent becomes active income and the expense stays passive. 

If you did your numbers right, you won't hesitate when the right deal comes on the market and you'll have confidence to pull the trigger quickly Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

If you did your numbers right, you won't hesitate when the right deal comes on the market and you'll have confidence to pull the trigger quickly Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

If you did your numbers right, you won't hesitate when the right deal comes on the market and you'll have confidence to pull the trigger quickly Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Both purchasing and refinancing can trigger the taxing authority to reassess the property. 

I linked up with a great realtor in my market (Jacksonville, FL) and waiting to pull the trigger on a multifamily property. 

I was looking at duplexes in Cliffside Park as well but I can't get over the town's high property tax rate so I never pulled the trigger.

Your answer gave us the confidence to know we are doing the right thing and pull the trigger booking them. 

Don't be so confident on the idea that transferring it over to the LLC will trigger a due on sale clause @Kevin Romines.

I have created an account with the county's auction site(Broward county) here in Florida and following the process for months to understand, however I feel like I do not have enough information on things to consider before I pull the trigger and buy one.Following is the criteria that I'm following to buy one...01) Narrow down to few properties out of the list for focus02) Picking only those that are in my range i.e 70k03) Picking only those that can be bought at 70% of After repair value minus ~15k expenses.04) Making myself familiar with the neighborhood of the properties by driving thru.