What's also appealing is the purchasing of a duplex and creating a steady income stream from the beginning.Anyway, I could ramble away with my thoughts/visions/ideas but I'll table them for later.

A Japanese Proverb says "Vision without action is a dream.

Add the lien holder's debt.Then, politically, show them you vision for the building and how your plan will help revitalize  the neighborhood. 

Small minded politicians just have no vision and many times like to keep things as they've been for decades afraid to try new things. 

I love your vision.

Pay attention to comps and seek out the market data - after repair values, average days on market, the types of finishes necessary and ensure your budget/scope of work includes these level of finishes.Plan for the worse so you know what you need to work through with your partners and make sure you're all aligned on the vision.

Examples include office space, machinery and equipment, vehicles, computers and peripherals, and real estate.Besides renting the assets personally, you may use a multiple entity arrangement such as partnerships, S corporations or limited-liability-companies to rent the assets to a corporation.

First, I applaud your vision, this is the type of thinking that changes your community for the better.Second, we have experience in adaptive reuse, turning non-residential structures into housing, as well as, experience underwriting and preparing RFP's. 

[For many of you have that have visions of living abroad parts of the year]Estate and Gift TaxesOn the opposite end of the spectrum, the amount of money that married couples can pass to each other without taxes goes up to $5.6 million per individual, up from $5.49 million in 2017.

I'm going real old school here and thanking @Joshua Dorkin for his vision is starting this whole thing.