If you are doing delayed financing the loan would be based on LTC (loan to cost) and you would be getting purchase rates.

I already feel like I have a good base of knowledge but I'm still a little confused on the legal side of the business and there is definitely more that I need to learn.

It is based off the lesser of the appraised value or purchase price.

For paint touch-ups, the charge is less based on how long the paint should last.

You have $100k in appreciation in two years, which dwarfs the increase in property taxes.Whether to hold or sell is based on future estimated IRR of what you own vs estimated IRR of other opportunities.

Elaine - I am a Texas-based attorney helping real estate investors.

Stay put and use some cash to expand your asset base.

I'm based in the UK and was potentially looking at note investing as an avenue to go down.

Property managers want to be paid fairly and if you low grade everything too much you will get a fair amount of service based on that which won't be much.   

I am in a similar situation and based in GA.