This was done to protect senior citizens on fixed incomes from being forced to sell their homes due to unaffordable property tax increases.Since the passing of this amendment, all properties in Michigan have two property tax values associated with them:State Equalized Value (SEV): equal to 50% of the market value of a property, not based on recent sales price.Taxable Value: the SEV annually capped as long as there is not a transfer of ownership.Most cities have an Assessor that determines how much values have changed each year.

Are you a legal citizen ?

I think BiggerPockets is a great resource for any questions that may come up and a great way to meet new people, especially in your area.I'm currently a senior at the University of Colorado Denver and while exploring career options, I came across real estate investing, specifically wholesaling.Now I've read SO MANY articles and posts about wholesaling and am still a beginner but I'm looking to expand my knowledge on wholesaling, maybe find a mentor in my area (Denver Metro Area) and work towards my first deal!

One thing for my clarification-- it sounds like you are not a U.S. citizen, correct?

The other is called Foreigners Buying in the USA and is for non-US citizens to discuss investing here.So I think we  have what you're looking for, but if not, please elaborate further and I'll see what I can do to accommodate you.

@James DuncanI love PI but you’ll want a person who is a citizen (they limit foreign ownership) and is trust worthy to oversee the property and collect rent.

I transferred there from Harvard to pursue winning a national championship, which I was able to accomplish my senior year; It was an amazing experience.

Anything special about renting a property to a Canadian citizen?

The due-on clause is called an alienation clause, and the call is referred to as an acceleration of the note balance.The due-on clause is triggered by: any conveyance of ownership, including land sales contracts; origination (except home equity loans) or foreclosure of junior trust deeds on the property; or the creation of a lease for more than three years, or any lease with an option to buy. [12 Code of Federal Regulations §591.2(b)]The carryback AITD transaction, of course, involves both a sale (the grant deed) and a further encumbrance (the trust deed).Thus, an AITD transaction triggers the due-on clause in any underlying trust deed, allowing the lender to: call or recast the loan unless written consent to the sale has been given; or fail to act on the right to call after notice of the transaction, called a waiver.Thus, when current market interest rates are high and the AITD is most beneficial to both the buyer and the seller, a senior trust deed lender is likely to call the underlying loan due on the sale.

Also, renters(unfortunately) can be looked down upon and treated like second class citizens.