I'll work with an attorney to assist with drafting that.Q2: Yes, I'll talk to my CPA but we'll most likely hold the property for at least 1 year under the LLC given our timeline to design, permit, build and sell the property, meaning I should avoid short-term capital gains.  

For a project like this, where you’re installing a water heater, HVAC, replacing a front door, and installing appliances, here are some key insights: 1.

I don't live in Georgia but I own a few townhomes there for rent,.   3bed/2.5 baths - areas like Acworth and Marietta.    

Depending on your new job as a 1099/self employed, there are likely other loan options available that can work.

Frame it like this: "in order to make sure you get paid on time I want to have a schedule of when the draw inspections should happen with the bank"Then, you have a schedule to keep an eye on and if they're slipping, you can ask them why and see how you can help them get back on track. 

Hoping to get help from like minded people.After lurking in the back ground for years, we recently started purchasing property in the greater Birmingham area.  

I have 2 other monthly loan payments I would like to pay off or lump in with my refinance as I believe with the forced appreciation and normal appreciation I will be able to pay off most my HELOC (5.99%) and all of my Credit Card that is currently at a 0% APR until end of May.

If you end up at out-of-state but have capital, you likely be on a turnkey solution.If you are starting locally, that may be wholesale, brrrr, flip, buy-and-hold, (STR, MTR, LTR), and more. 

Like there are so many different routes you can take I understand that but I would like to know more about the brrr method and things in general as far as getting started.

There are some people on BP that could tell you how they have personally done insurance on wraps… However With the likelihood of them being attacked and criticized by those that don’t know or don’t like these sort of transgressions they usually hold their peace..