It’s just like when they give you a tax beset to buy an EV and then the state charges you higher registration because you aren’t paying your fair share. 

The property tax rates are 2.72% and 2.78% in Indy and my last increase was 17%.

And it is 200 dollers a month posiive cash flow after mortgage insurance taxes and management fee.Where do i go from here? 

I would say it depends.

It is not a cookie cutter answer, and really depends on the property, location and if you have consistent guest demand based on that.

Do NOT depend on an agent for this list and most of them are clueless or worse, they think you can just ask the seller for them - after the agent coincidently gets their commission check.DM us if you want extremely great assistance:)

I’m active duty Air Force and maxed out my VA loan with three properties.Birmingham has some cheaper properties, but may not bring the cash flow that STRs in Florida might bring.It all depends on your timeline, numbers, funds, and comfort level.

Considering their LTV is at market or debatably below market (depending on the asset), if the interest rate or loan terms aren't advantageous, I'd also suggest getting quotes from other lenders.Since you are located in upstate NY, I'd look for local banks.

There will be no gift tax due because it was the deceased owner's estate responsibility to file and pay gift tax and I received my interest by right of survivorship?

The rent to price ratio here almost matches the RTP ratio of the C class areas but the main trade off you experience with access to better tenants is that the taxes are higher.