As a long time resident of New York, owning real estate can be very daunting in today's marketplace.You are in the embryonic stage of your RE investment career, young and have the time, so saving is healthy and rewarding as well.

We just closed last week on our first property: a quad on the North Side, which will be our primary residence.  

Hello @Brandon Hall,Thank you very much!  

Hi After absorbing the knowledge and mindset of investor for awhile ,  I started to aware that primary residency is not considered  a good asset .

The fact that we're talking about 2 claims spread among 3 properties (2 rentals and our primary residence) did not matter, it was handled the same as 2 claims against 1 property.Okay, so we contacted some other insurers and finally settled on State Farm.

I will have around 12500 to invest once I close on the main residence and my friends are looking to invest around 10k each putting us at a total of 32500.

Most of my business is with buyers and sellers of primary resident homes.The company I work for is family owned and locally respected.

My credit score is almost 800 and since this will be my primary residence it was much easier to get a loan.

If I sell an asset in Georgia and I am a resident of Florida do I owe any capital gain taxes in Georgia?

Go to the city/town hall that this building is in and ask the building department what is going on with that property.