So basically Ill be paying 12K a year for property taxes on a 320k building.

@Kyle MasonTo increase your loan amount, consider strategies like increasing rental income, co-signing with a co-signer, using portfolio loans, negotiating seller financing, down payment assistance programs, paying down debt, and considering alternative loan products like DSCR loans, non-QM loans, and bridge loans.

I know it is landlord friendly, low tax rates, affordable... 

To pay something off or to buy a property? 

A few things I haven't liked about lending include the concentration of risk and the high tax rate.

I am debating on taking a 2nd mortgage out or paying in cash to fix it.

Assuming he actually got the majority of his capital back in each of his 10 or so BRRRRs (which seems to be the case) he's likely accumulated a good amount of equity and is benefiting from debt paydown and tax advantages (with potential appreciation and improved future cash flow once the properties are stabilized being nice-to-haves if they happen).

Since I am not really changing the main purpose of the property, one source told me it shouldn't apply.Lastly, do make sure you apply for an account to pay your sales (collected by Airbnb and vrbo, but not others) and Tourist Development taxes (you must collect).

Taxes a little over 11000 annually and insurance was about 2800.

Our tenants have also given us very positive feedback about their experience with it, and nearly all of them use the online portal to pay their rent.