There are a lot of first time home buyer tools available online to help you determine that value based on your families income.

If you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/blog/The site has quite a few tools that can be helpful for new members.

With the right tools and systems in place, you should be able to achieve this with only a few hours per month.

I have Smartbnb @ about $20/ month.Pricing tool will run you about the same, once again depending on what you choose.

The Taxable Value is uncapped and equated to the SEV upon a sale or other transfer of property ownership, with limited exceptions.Once you know the Taxable Value, you can look up the property tax millage rates, which each city & county sets separately (with voter approval).So, yes, it is very possible for property taxes to jump from $907 to $3200 if the seller has owned the property for quite some time.You can use this tool to estimate your future taxes after they are uncapped: https://www.michigan.gov/taxes/0,4676,7-238-43535_43540---,00.html

@Oleg Enik a lot of county websites offer a tax calculator tool where you can calculate and print a report to reflect the new tax amount based on the sale price, rather than manually trying to calculate it based on the tax Mill rate

The 1031 exchange is primarily used by smaller, private investors (ie. middle class), removing it or severely capping it will remove an upward mobility tool.

@Patricia DaSilva 2 tools that can help you determine the STR revenue potential of any property are Airdna and Rabbu.

During the past 3 years each of his properties increased in value by about $50,000 to $75,000.

Power tool work began no earlier than 9:30am and finished no later than 6:30pm.