If you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/blog/The site has quite a few tools that can be helpful for new members.

With the right tools and systems in place, you should be able to achieve this with only a few hours per month.

You can find free, valuable information all over our site—from podcasts to blogs to videos to the new Path to Purchase.What we’ve heard from people is they want more—they want handholding and they want the support of others in a structured format.

I have Smartbnb @ about $20/ month.Pricing tool will run you about the same, once again depending on what you choose.

And learn a valuable lesson: never let a partner be in charge of my money again.

It's guaranteed not to be a perfect deal as there will be some minor rookie mistakes, but even with mistakes a cash-flowing deal is valuable not only for that cash flow but also the practical training it gave you, and appreciation value when it happens (either this cycle or next), on top of tax shelter value, act as bonus 1 and bonus 2.

The Taxable Value is uncapped and equated to the SEV upon a sale or other transfer of property ownership, with limited exceptions.Once you know the Taxable Value, you can look up the property tax millage rates, which each city & county sets separately (with voter approval).So, yes, it is very possible for property taxes to jump from $907 to $3200 if the seller has owned the property for quite some time.You can use this tool to estimate your future taxes after they are uncapped: https://www.michigan.gov/taxes/0,4676,7-238-43535_43540---,00.html

I've definitely learned three valuable lessons: 1) the importance of making sure the tenants change filters regularly (and understand the consequences if they don't); 2) the importance of talking directly with the vendor prior to any visits, and specifically re: discussing pricing and preauthorization / do not exceed limits, etc.; 3) and that I shouldn't waste my time and energy on worrying about an "issue" as small as this (that is to say, worrying and spending time after the fact, after the work has been done).

@Oleg Enik a lot of county websites offer a tax calculator tool where you can calculate and print a report to reflect the new tax amount based on the sale price, rather than manually trying to calculate it based on the tax Mill rate

The 1031 exchange is primarily used by smaller, private investors (ie. middle class), removing it or severely capping it will remove an upward mobility tool.