You'll need to get a new commercial insurance policy reflecting the LLC as the owner.

.- Diverse Property Portfolio: The area seems to have a mix of both residential and commercial properties, which could allow for diversification in your investment strategy.Strategic Location: Shelby's proximity to global markets via nearby airports, rail, and port facilities could make it attractive for businesses, potentially driving demand for both commercial and residential real estate.Potential Challenges- Economic Concerns: The unemployment rate of 13.0% is relatively high, which could impact the overall economic stability of the area and potentially affect real estate values and rental demand.- Price Discrepancy: There's a notable difference between the median listing price ($295,000) and the average home value ($201,945).

Additionally, I am in the process of closing on a commercial property, which requires a $300K down payment by October 15.If I settle the tax bill, I won’t have sufficient funds for the property down payment.

Welcome Christopher,If you ever have any questions or need advice on commercial real estate, feel free to reach out.

I am currently buying in SW Virginia, 5+ acres, with recreation, commercial, and development potential.

Explore financing options like conventional, FHA, commercial, and DSCR loans.

If it's multifamily, I would go with KP Commercial.

The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories.The Cost Segregation Study was performed on the Asset Depreciation Range (ADR) and is based on a 40% tax bracket for State and Federal Taxes.

In my case, a home I am looking for is above market rate, and their justification is that is should be valued like a commercial property with past revenue and net accounted for. 

Especially if you're a first-time portfolio buyer, these online platforms can help you raise capital from multiple investors.Work with an experienced commercial real estate broker.