Tax benefits is only icing on the cake, not the cake itself.

The biggest benefit to this method is you get to keep your incredibly low primary residence interest rate of probably 4.25%. 

We were saving better than most people in the rat race but nothing special.Now I had to convince her of the benefits of RE investing and time flies. 

Imagine coming off a 12-14 hr night shift in the ICU and your tenant emails/texts complaining about a broken toilet paper holder...or how they locked themselves out of the house.I think the two greatest skillsets I could have benefitted from but never got around to are sales, and software/coding.

I adjusted the numbers as per your suggestion and it came out more like I had expected it would initially.

However, some states only assess the value of the home upon the sale or refinancing of the property.Clayton county confirmed with me that if they did miss an addition to a property, they can't go back and charge you for it but moving forward, once it is re-assessed by an appraiser the new property sqft would be recorded by the county and a new property tax will reflect moving forward.Clayton County Tax Assessors Info/ Tel#: https://www.claytoncountyga.gov/government/tax-***...You can also contact your local government appraiser and or find notice of assessment information: claytoncountyga.gov > tax accessor (gov tab) > link > assessment > current  year > local appraiser / notice of assessment info.To answer your question no the county cannot go after the buyer for back taxes - they can only re-adjust and apply the appropriate taxes moving forward.

Benefit to filing separately = debatable but probably not as good as you may think.

You get the same benefits tax-wise when you own in your own name.

Right now your current P&I on the $240k balance = $1112/month (estimated) + $443/month P&I for the investment = $1555/month but could continue to go up once it enters that adjustable phase, so $1555/month could = $1655/month in 3 years, $1700/month in 4 years, etc etc. 3.

The 150 was probably what the adjuster said the damage was worth.