This negative initial cash flow improves quickly.  

Unfortunately, I’ve run into a major issue: I received a Stop Work Notice on my property in Covington, GA, because I didn’t have the proper permits for the renovations.I want to resolve this as quickly and smoothly as possible without jeopardizing the project.Can anyone offer advice or share their experience with:1.How to address the Stop Work Notice with the local authorities?

Quote from @Rick Ilich: Thank you very much for the quick response!

I just did a quick lookup on Bankrate for 2024 and for 300k of value in OK was almost $1k less than 300k of value in FL (4800 vs 5600). 

When you're talking about interest rates dropping I think you mean mortgage rates but the government isn't getting rich off of those.

While it was a scary jump at first, we quickly realized this space is actually less competitive.

If you can come in and operate effectively I think you'll find success rather quickly due to that.BTW - for a property management platform I would highly recommend Buildium.

I can however relatively quickly add up to a 500 Sqft garage.

Rich

What pitfalls or challenges should I be aware of when scaling up quickly?