Thats why tax planning is a very important function.

Newbies will be good at due diligence as a function of ownership and disposition of the loan not a checklist.  

The house was built in 1925 and while functional, it needs a lot of updating.

Unlocking the doors to the internal stairways would provide the flexibility to utilize the four single family residences as the functional equivalent of a small Hotel or as any combination of 2, 3, or 4 residences.One advantage, to permitting such a building as a multiplex instead of as a hotel, is that Medium Density Residential (MDR) zoning required for a fourplex is available in many more places than is the commercial zoning required for hotels.

Once your documents are completed along with your Operating Agreement, then have an attorney review the documents, this review to ask for is to the "form and function" (otherwise you'll get an opinion only so far as the forms being in good form for filing, not good enough!).

To understand that you must first understand real estate because it's the land that is required to be purchased and financed.So, you need to begin by understanding real estate,  then you can increase management skills knowing how real estate functions, it is not just the subject of the transaction but the asset to be added into the mix of these principles used to do business.

I think the two largest on there are Atlanta REIA and GA REIA.

We could potentially be your largest purchaser.

This would also be largest house (2200 sf+) with the most amount of work required of any of the deals we've done.  

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