However, the suitability of buying and renting out a single-family home in Richmond can depend on various factors, such as market trends, rental demand, and property values (similar case with all markets, really.)Chatting with a local agent in the area can provide very helpful insights into the market, data, and specific neighborhoods.

Thank you for providing me some real useful strategies here.

The idea is to use this property as an office space, giving me the separation I need from home while providing a place for my assistant to work where I can be more hands-on with them.The business would pay rent for the property, which would cover its expenses.

Also, did they provide you those terms off the bat or after explaining your project?

I was wondering if you know how to answer this question without providing the word “Skip Tracing” to them.

It seems like a common challenge, and any advice you can provide would be invaluable.Thank you in advance for your help!

I am a long-term investor, but I also provide services to long-term investors, so my advice is biased toward that option.  

However, Opportunity Zone investments require careful structuring to ensure compliance.Evaluate your priorities: If starting a business is the main goal, proceeds from your primary residence (with the capital gains exclusion) might provide the simplest funding option.This post does not create a CPA-Client relationship.

I also hold a couple of real estate forums in the area for people like yourselves to connect with service providers, GC's, etc. 

@Luke Carl That is such solid advice you provided.