I will add value in the future after current tenant moves on.... with a complete reno

We are currently looking at a HUD home in Georgia - I have a couple of questions and can’t seem to find a definitive answer - The home is currently in the OO listing period - our plan would be to buy the home doing extensive renovations (the home is in a “Historical” area so renovations have to be approved) once completed we plan on living there full time - it could take ip to a year to complete or longer I don’t know  - as I see it the OO designation is to be the OO for a min of 12 months - is this after the home has been renovated or after you close on the home - though the house could probably technically be lived in now it does have some water and roof damage and needs complete redo of electrical and plumbing - for me to deem it safe - so not really livable by normal standards - but no way it would be livable in just a couple of months - any thoughts or an actual answer to the OO rules 

The availability date does not have to be a future date.As for processing applications, we try to complete them within 24 hours, starting from the point we have a complete application.

Hello Dalton, Is this an appraisal done before the work was completed where you gave them the scope of work and they are giving you the ARV appraisal?

While this project progressed smoothly, it reinforced the importance of clear communication and coordination with contractors to ensure renovations are completed efficiently.

True mate,Always needed to get eyes on the property.Even if it meant sticking my nose on every window and looking through.Even the basement windows lolI think it's too high risk buying completely blind and not doing at least that.Ideal world, the back door is unlocked.And luckily for me "It was always unlocked" by me hahahaha Lol, yeah, I gotcha.

(Just my opinion, and no disrespect meant: J&G are doing other great things to help multifamily investors.)I'm working on one; I promise to share it once it's complete, but I need more examples I can use as models. 

I've talked to a few tax accountants and attorneys about it and some are open-minded, while others are convinced that they are a complete sham (though they actually know very little about them).I'm curious if anyone on here has actually seriously considered using one or actually used one? 

Is complete separation even possible?

The answer is both and neither, all depending on what you're trying to do and which tool is best to complete that job.