Call the zoning department again, and this time ask specific questions: Is a variance required, or can you proceed as-is?

When we create our business plan, we also include our exit plan.We'll only proceed if we can clean this up, acquire new tenants at higher rents so we can increase our NOI, which in turn should reflect our cap rate and profits.Since this asset class is new to us we will tread cautiously.Scheduled to preview tomorrow. 

Congrats on orthodontic residency, though I know residency will be time consuming as well. 

My understanding is that interest on a loan is a business expense against a property purchased with the proceeds of that loan, regardless of what asset the loan is against.

Greetings All,@garrettbrownI was fully stocked in linen and glasswares, silverware, knives, speakers andcabinets were full now sparse.maintenance and cleaning are time consuming even with help.Noticed prices are much lower now.  

Consult with a tax advisor or attorney familiar with both partnership law and real estate to ensure compliance and minimize tax liability.Once under a TIC structure, 1031 exchanges for individual members could allow them to reinvest proceeds from the sale of properties into new ones without triggering immediate capital gains taxes.

My husband and I plan to use the proceeds from our sale to purchase a larger business in a few years using an SBA loan.For those interested in exploring entrepreneurship through acquisition, I think laundromats are a great place to start.

This includes marijuana.If you decide that the apartment would meet your needs and wish to proceed with the application process, we would need copies of a month’s worth of your most recent pay stubs and photo ID for all applicants aged 18+ (I can scan at the viewing).

But as often happens, a certain percentage of my investments “go off the rails”, in other words don’t proceed as planned.  

DSCR loans are generally done in the name of the LLC (or whatever non-personal name entitle owns the property), so I'm not sure why you're being told they can't lend to the LLC, unless you're trying to get a traditional, consumer mortgage.