I initially planned to hold this property forever but I also dont want to miss out on opportunities by not adapting.

To highlight the basics of DD, we like to break those up into 4 areas: financials, initial walkthrough, compliance, and paid inspections/services.

I would go with the loan that you initially put on the property.

My initial negative cashflow properties locally have made much higher returns than my positive cashflow OOS investments have.

Initially, I lived in the 1BR and then I realized that the separate entrance small bedroom and bath wasn't really used.

. $100-150k is the initial cash outlay we're planning for our first 1-2 properties.

They will be uncapped and increase after a sale.Michigan has some of the most complicated property taxes in the US.First, Michigan uses the State Equalized Value (SEV) to determine INITIAL Taxable Value.

I am looking for an answer that I know has many variables so just maybe if you all don't mind sharing your initial costs on what ever the say 10 to 20 units may have been.

But there will be lows, when at first you need to learn concepts, you have no successes yet, and maybe some initial steps include a little stumbling.

These refi loans are based on the improved value, so I avoid the costs of initial financing and waiting a seasoning period before refinancing.