The main goal of the tax was to prevent people from buying large lots of land, subdividing, and selling.And yes, it doesn't apply if it's your primary home, expires after 7 years, and is pro-rated less and less throughout those seven years.Hope that helps,- Tom

@Tony Han I’m still not decided on the whole turnkey vs. build-a-team on the ground approach... its actually one of the main questions I have right now.

The killer is when they want you to do something you didn't have planned, like move the electric meters off the rear enclosed porch where they've been for the past 75 years to a brick portion of the main building.

Mainly because tenants really did have major issues with actually receiving the bill.

We are currently seeking some buy and hold rental investment properties, mainly small multi-family properties or single-family homes in the St.

I am mainly interested in rental properties that are NOT turn key.

If they pay for advertising, paper supplies, handyman, it may pay off. 

The place has appreciated but the main reason I pulled the trigger when I did were the numbers seemed safe.

I’ve mainly been working with realtors on the small Multis in the Keys but I’ve been toying with sending a mailer and starting up some ads.

I am assuming your end goal is to sell the house and get the higher end value.I would recommend that you talk to a title company about structuring an owner finance deal (I go to Tucker Hodgson at Backman title on main st in Bountiful).