I’m fairly handy, working with tools and making repairs for a living.

However, when I do a property search on the tax assessors website, many times the Fair Market Value listed by the county is much lower than the properties list price?  

Also, a fair market valuation will need to be performed for each distribution. 

I am looking for someone in both of my markets;  Indianapolis, IN (46218), and Detroit, MI (48208) to provide yearly determinations of fair market value.

I have thus far not claimed any depreciation on this property but don't foresee ever selling it so that's not really an issue.From what I've read, my cost basis is their cost basis which is the lesser of fair market value or cost + improvements.

Hi Account Closed - fair points.  

thanks@Christopher Phillips it’s a smaller hard money portfolio lender so they actually got back to us fairly quickly and seem to have a pretty good grasp on the actual properties.

I am fortunate enough to be making fairly good money for a person my age and my goal is to have enough money and knowledge by the time I turn 18 to have a down payment on my first property and have it paid off as soon as possible.

I've been a general contractor for 23 years and have faced my fair share of issues (as every single GC I know does).

First, it has fairly low entry cost for my first property (relatively speaking).