Start with durable, high-quality basics: plush towels, soft linens, and a fully stocked kitchen with sharp knives, pans, and essentials like oil and spices.

There are a lot of proposed legislative changes coming up state wide and also municipality based.

It is in good condition and centrally located to shopping and the base so I'm surprise that it has been sitting this long. 

Based on my research, the self-directed 401(k) seems like the better option, but I'd love to hear from those who have experience with this strategy. 

First step is: 1) Figure out your budget to fix this up to a nice condition. 2) What is it worth based on comparable values in the neighborhood. 3) Is there a worthwhile profit?

If you have any further questions or need additional details, please feel free to reach out.Thank you for your time.Dana@Dana Lee Fuller I completely understand and as a former Director of Lending for a CDFI in the Midwest that financed the gut rehabs of mostly abandoned 2-4 unit MF properties, I've worked with similar developers that are targeting more of a "social impact" investor base. 

Benefits of the ATI ExemptionThe ATI exemption offers several key benefits:Reduced Tax Burden: By lowering the assessed value, property owners can significantly reduce their property tax bills, freeing up resources for other investments or operational expenses.Encourages Investment: For real estate investors, the exemption makes South Carolina a more attractive market by reducing the tax impact of property acquisitions.Substantial Tax Savings: The reduction in taxable value can lead to considerable property tax savings over time.Multi-Year Benefit: The exemption can apply for up to five years after the sale (based on SC revaluation cycles).Wide Applicability: It’s available for various types of properties, including multi-family projects, commercial properties, and even vacant land for development.Who is Eligible for the ATI Exemption?

If you want to know more about tenant pools and their importance, please contact me.Only Renovate to Your Target Tenant PoolAssuming that you have identified your tenant pool, you need to transform their critical and desired housing characteristics into a physical property description, as illustrated below.Create your property description based on your target tenant pool segment.

Should he be exposed to all liabilities that comes with it such as lawsuit, history of insurance claims(I believe insurance have a data base of past claims that can affect future coverage), credit and what not at an early age? 

The real obstacle is not the STR loophole itself but the tax benefit that it's based on.