We were not allowed to file taxes jointly until we vacated the legal separation in 2021, which we did.

The goals are the numbers with $$$ in front that allows you to achieve that independence. 

Since last year of November, Fannie and Freddie has allowed borrowers to put min 5% down for conventional loans and being able to invest multifamily up to 4units.

Of course you don’t get payment until the application and process is complete and approved by the committee then you allow them access and that’s after they paid the SD.

We will not allow a tenant to pay large sums upfront if it could result in a significant tax liability for the owner.

Thus, allowing you to take home profits now and let your future appreciation pay the bill.If you are interested in learning more about this style of property management please reach out and I would be happy to discuss! 

Some lenders even allow you to lock the used balance into a loan rather than having the rate float or adjust as many equity lines do.

The three most common approaches include:Cost approach: An estimate of the replacement cost less depreciationIncome approach: Calculation of estimated potential rental incomeSales approach: Uses comps of recent transactions on similar propertiesBe sure you are leveraging the tax incentives availableIdentify any applicable tax incentives available for commercial properties - historic tax credits in certain areas, opportunity zones, environmental sustainability, etc.Understand available tax deductions, credits, and rebates - Tax deductions decrease the taxable value of a property, tax credits directly reduce your tax liability dollar for dollar and tax rebates are a refund of taxes paid under certain conditions.Utilize a cost segregation study - Cost segregation allows you to reclassify assets into categories with shorter useful lives, therefore accelerating depreciation and creating tax savings.Leverage energy incentives and deductions - Look into the Section 179D deduction and how you can save on tax by meeting certain standards to make your property more environmentally friendly.Best practices for commercial real estate owners and monitoring their property tax regulations:Plan proactivelyWork with a professional to receive guidance on complex regulationsUtilize specialized software tools to drive efficiency and compliance.What questions do you have regarding property tax valuations?

If I'm able to speak with the guest, I may make an exception; for instance I may allow them to bring a larger dog than the 50 pound size limit that is listed. 

My team and I have had a good amount of success in the city of Detroit and are very bullish on Detroit and it is good to see likeminded individuals on here as well.