And then pull out a Commercial loan of 100K to be split into 5 separate flip n fix properties.Example Scenario: Property Cost 100KHard Money loan covers 80% and we still need funding for the remaining 20%.For the remaining 20% we pull out another loan.

The Taxable Value is uncapped and equated to the SEV upon a sale or other transfer of property ownership, with limited exceptions.Once you know the Taxable Value, you can look up the property tax millage rates, which each city & county sets separately (with voter approval).So, yes, it is very possible for property taxes to jump from $907 to $3200 if the seller has owned the property for quite some time.You can use this tool to estimate your future taxes after they are uncapped: https://www.michigan.gov/taxes/0,4676,7-238-43535_43540---,00.html

Not sure if watering helps or hurts, but your tenants are not going to water.Is everything separately metered?   

I agree with your logic, the rent increase is irrelevant and separate from the renovation.

That means there will be a separate budget bill later this year that will go through reconciliation.

Gross revenue estimated at 75k a yearCONSsusceptible to moratoriums, rent loss, tenant damage, etc. need to build out separate areas and separate meters - adding about 30% to rehab budgettenants can be a huge liabilityPROsMuch more hands off than a B & B businessImmediate cash flow right at rehab completionTried and tested biz model, high demand area - units will rent the first dayIf you've made it this far in the reading, I greatly appreciate any input, ideas, perspectives are so appreciated! 

When you rent to three students, you can still charge more by the room rates since they are all separate.

Yep - try to separate personal assistance (which might be necessary) with business decisions (which has a cold, calculated bottom line).

As a means to do this by separating my career from my business, after graduating I began to listen to the BP podcast, among others, and read any book about real estate investing and finance I could get my hands on.

It’s a 3 family, with 3 separate units and a large lot of land compared to all the other water front cabins with quarter acres.