I bought the property about 4 years ago, for $100k.

That makes so much sense, thank you so much , I actually just bought my first property subjectTo

Towns in New Jersey can be wildly crooked and will try to assess you for things they missed on prior renovations before you even bought the property, which technically they can do.

That's probably why BP bought Left Field Investing to create PassivePockets.  

A property qualifies as Homestead for this exemption if an eligible owner files a Principal Residence Exemption (PRE): https://www.michigan.gov/taxes/0,4676,7-238-43535_43539-210891--,00.html#:~:text=Section%20211.7cc%20and%20211.7,purposes%20up%20to%2018%20mills.Many investors have gotten an ugly surprise when they bought a property that was a primary residence of the seller for the last 20 years.

I just bought my first investment property and I'm already looking out a year from now to start applying BRRR.

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.

In many/most BRRRRs that is irrelevant because when the property is bought it is often not fanciable using traditional mortgages.

I never bought into the 70% rule...

The proposed $38.5 billion deal would combine two major players in the U.S. convenience store market, potentially controlling 20% of the market.7-Eleven, the largest U.S. convenience store chain with 12,601 locations, currently holds 14.5% of the market.