In some cases, exemptions or adjustments might apply for buyouts between co-owners, so it’s best to check directly with a local real estate attorney or tax advisor to confirm the exact tax amount and any applicable exemptions.

Quote from @Ingrid Hussey:First I would check with local and state laws on this...

I'd recommend consulting a local contractor or real estate attorney to ensure all changes meet city codes and to help streamline the permit process, especially if you’re aiming to use the properties as rentals on Airbnb.

@Robert Wentland,I would also start attending local REI meetings if you aren't already. 

Collaborating with local officials and aligning the project with community needs can streamline the process and increase support.Challenges: A significant challenge has been navigating zoning regulations and coordinating with local authorities to ensure the project aligns with city development guidelines.

I found this deal through my local real estate network, which identified it as a high-potential commercial property in Downtown Morganton.

I found this deal through my local real estate network, which identified it as a high-potential commercial property in Downtown Morganton.

I found this deal through my local real estate network, which identified it as a high-potential commercial property in Downtown Morganton.

I found this deal through my local real estate network, which identified it as a high-potential commercial property in Downtown Morganton.

I discovered this deal through my network of local real estate contacts who informed me about properties with development potential in Morganton, NC.