It depends on your cost per acre however in my area you get very little return on the income from the farming lease as the cost per acre is so high relative to what the going rate for a farming lease is.

So, if my actual cleaning rate is $385 and I list it as $300 (and eat the difference), is this a potential tax problem down the road?

Granted i was in the process of rehabbing this when the rates started climbing up and i also had DSCR loan.

Trying to determine if this is reckless or sophisticated investing....The idea is that annual percentage increases and the possibility of rates lowering will allow for positive cashflow.

The assessed value is then multiplied by the local tax rate to calculate the amount of property taxes owed.I’m sure you may be wondering why commercial properties tend to have higher tax rates.

USAA has phenomenal rates and service and I'd love to continue to use them this time around. 

I've never used one, but from what I've learned rates usually move into a 30 yr fixed after the rehab is complete.

I am planning on waiting to refi until rates come back down a bit.

Conduct a thorough inspection to assess the true condition of the property.High Vacancy Rates: Excessive vacancies can signal underlying issues such as poor management, undesirable location, or an oversaturated market.

If you wait, you'll be able to get an owner-occupant loan and house hack, putting far less money down with a better interest rate.