Id like to start with as close to an A class type property as i can until i have a better handle on the areas.

Hi Everyone,I own many single family rentals in toledo and i have never tried to challenge the tax assessment.

Challenges?

I'm curious how the state views this process when a mortgage is in place.Lets say for example I'm the bank, and the borrower stopped paying both ME and the state Taxes...How is it handled if YOU buy the tax certificate/lien and later I have to foreclose on the property to protect the money I lent?

We can probably handle lower LTC ratios than you've mentioned.

I guess the same could happen in a hotel but what I'm getting at is things can become challenging when one party is on a vacation schedule and the other party is on the 9-5 daily grind schedule. 

Landlords are also estopped from challenging the veracity of the estoppel certificate.

To prepare unexpected expenses, you should have saved some cash to handle the cases.

My biggest concern though with the Townhomes was about if they have challenges with renting out or if comps are done for similar br/ba/sqft or if the actual townhome “neighborhood” has more weight than it may for SFH when doing analysis.

Challenges?