Atlanta is North Georgia but it's very distinct from the mountains, Athens area, or near Chattanooga.

Cincinnati is a very diverse housing market with approximately 52 distinct neighborhoods.  

The distinction too is residential property, not commercial, and includes any property, real or personal, intended for residential use, including residential lots.As to contracts, actually they can be very involved and I would suggest, unless you have a specific question, that you get with your attorney and hopefully one with real estate financing experience.

@Nathan GesnerThanks for the distinction.

This is an important distinction because independent contractors have many more options when it comes to retirement contributions.

There is a distinction between HML, PML companies and individual PML.  

The only option is to do a cash out refinance.They all made the caveat and distinction that if it is just a "second home" which I rent out for air b'n'b or otherwise, then they can do a HELOC with the better rates. 

An important distinction here, Management Companies/PM's/Account Executives, whatever title is used, they do NOT typically have the authority to make major decisions or expenditures.

When HPRs are created isn't the original lot ownership divided into two new distinct lots? 

To create a completely separate basement renal unit up to code is fairly difficult in fair fax county, slightly less difficult in Montgomery county, and much more straight forward in DC.But, if you’re only going to be there for a year, you could live in the basement, not completely separate it (thus attempting to establish two distinct units) and then after moving out rent the whole house or rent by rooms individually.I would probably look close to falls church / arlington for proximity to DC and also IAD, close enough to transit lines, and a good prospect for appreciation.