Do walkout basements count in the tax assesses square footage?

Oh yeah, if you're buying below market value they don't care.I've self closed 7 SF properties while having a nice coffee by the fire with the sellers at my bank.

Hey BP Family,I have found a house that has good potential as a BRRRR deal and am looking for a good trustworthy contractor to help me assess the rehab costs.

Hey BP Family,I have found a house that has good potential as a BRRRR deal and am looking for a good trustworthy contractor to help me assess the rehab costs.

Jon is accurate in his assessment.

@Jay Helms I was trying to assess if the 2% rule should be a mandatory criteria but it seems like not many properties are meeting 2% that still do well. 

I also am working on single family buy/hold purchases in Indy currently.Setting my goal for apartment purchase this year as well, either by self or syndication and partnership.

I would manage the property manager my self, as well as take care of the snow removal and lawn care while living there.

This gain, maybe taxed at favorable capital gains tax rates.Furthermore - you will be required to report the commission on your schedule C which may be subject to ordinary income tax rates + self employment tax.

Taxes here are between 3.5-4% of assessed value.