That being said, I think many investors in Tallahassee may need to up their games and consider renovating some aspects of their properties.  

For those who hold licenses and certifications in other professions, greater attention must be paid to legal and ethical aspects in real estate dealings.

The bottomline, @Leo Semenov, is that you have to decide what how much risk you are willing to undertake and whether you have other viable options.This is a great place to learn about all aspects of REI so use the resources here and you'll be well on your way.  

Check out my profile for more detail, but the short version is: I was a Realtor/Loan Officer in HI between 2004-2006, so I understand that aspect.

When you hold a {rental} property in a corporation, income is taxed at the highest corporate tax rate - which increases the benefit of claiming the CCA deduction each year and mitigates the punitive aspects of the recapture.In addition to how you hold property, the length of the hold will also factor into whether you claim the CCA deduction; claim the deduction for a few years than stop; or do not bother to claim the deduction at all.  

That aspect of it generally makes that type of financing slightly more expensive than a regular recourse loan, but usually not by much.

Skilled craftsmen are the backbone of the construction process, as they are workers who have experience with various aspects of the process and are generally able to carry out most repairs.

I have been looking for jobs in project management as I feel with that type of job I will be exposed to all aspects of what it takes to build a home.

you may want to check that aspect with the state.Bill Gulley was talking about some new federal laws that I am unaware of personally.. as I really don't do this type of transaction anymore.

The reference above are other fees that could pertain to "legal" aspect of a transaction more geared towards residential.