So when an appraiser looks at the data, if your home is the most recent sale then they will use that to adjust for their appraisal report which shows value is dropping. 

You have $1.5+ million home and you're paying $2000 property tax a year, probably a paid off mortgage  if you bought in 1970 for example, and can charge market rate rent (multi units are under rent control with existing tenants, generally speaking, but not SFHs so far) Be really careful with whoever gives you numbers on a spreadsheet whether it's a turnkey company, agent etc. 

I'm working for a family run real estate investment company and we're new to the DFW area.

From there, I'd recommend reaching out to some of the smaller property management companies in your area.

It is managed by a company.

By no means does any modular company use 20% more lumber than a site built home.

and lastly, it would be a bad idea for a mortgage company to call a performing note, but if we get to the scenario in the next year or two where mortgage rates are at 7% or 8%, it might make a lot of sense to call a note that was written out at 3%this is a great explanation though!

@Nick KnoblachOf course, you should always confirm with your own CPA who is familiar with your situation, but here's a few generalities:- CA taxes residents on worldwide income, so the CA resident will likely be taxed on the entirety of income that he/she receives on his/her CA resident tax return, including his/her share of rental income- CA will likely want to collect tax on all income earned in CA due to CA-sitused real property, so any non-residents in CA should likely be prepared to file a non-resident income tax return in CA to report his/her share of income earned from the CA real property-I'm not familiar with MN rules, but most states generally allow for a credit for taxes paid to another state. 

He is on an amazing journey towards "Branding" his company with so many services for all kinds of investors from experience to accredited.

Rate drops are still supposedly coming this year also.IIRC external links are a no-no in the forum so I'll message you a current Chatt market report so you can gauge numbers yourself.Good luck!