As a New York realtor with a background in construction and some investment experience (though I’m still growing in this area), my goal is to expand my knowledge and learn directly from those with expertise in this field.I am genuinely interested in developing my skills to become a highly valuable partner to investors.

Quote from @Philip Jones: Hey guys I am a Landlord out of Metro Detroit area.

Due to high demand, many investors in Austin are finding they need to adjust their approach a bit to make the numbers work.Rehab Budget: Ensure that bids are received from multiple contractors and that adequate reserves are made for cost overruns.

Quote from @Jaycee Greene: Hey @Nickolas Lipinski.

Quote from @Chris Seveney: Quote from @Bruce Woodruff: I would have handled it pretty much exactly as you did, Chris.

This was done to protect senior citizens on fixed incomes from being forced to sell their homes due to unaffordable property tax increases.Since the passing of this amendment, all properties in Michigan have two property tax values associated with them:State Equalized Value (SEV): supposedly equal to 50% of the market value of a property, not based on recent sales price.Taxable Value: the SEV annually capped as long as there is not a transfer of ownership.City Assessors are charged with determining how much property values have changed each year.

Our developers have all noted that HUD has gotten much better with this program in the last decade and it more depends on the local housing authority being good or bad.

Quote from @Sarah Anthony: Hi,My name is Sarah and I am a 30 year old dental assistant, new to Real Estate Investing, and eager to build a network.

This is my due diligence. 

One thing I would mention though - doing STR just to save taxes often leaves you operationally unstable or too detached from the management to be successful.