Pro Tip: Ask an insurance agent what your rate will be before you make that offer.

My elderly grandfather owned a two-family home in the area, but over the years, the property had fallen into neglect.

@Venka Pulla Many smaller PMCs are unprofessional, they can also be vindictive.So, suggest you get all the info you can from your Owner Portal before terminating them.Also, hire a new PMC BEFORE terminating the current PMC.Then, terminate and work closely with the new PMC to get tenant payments switched over and whatever documentation is missing.Hopefully, you'll screen for a new PMC better than you did to pick the current one!

I live and work in the Atlanta, GA area.

I don't think your first property needs to be perfect, but doing the work in advance gives you the possibility of refi (in a good rate environment) or more equity on a HELOC.

The way to extend this is to start looking for the acquired property BEFORE you settle on the relinquished property. 

A land contract has been signed in the county between me and my buyer documenting this transaction. 

I don't think I will be able to make this one but will definitely attend the one in March.

The history of New Haven and Hartford lead me to believe that these major cities could make a comeback in the next 10-20 years.

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.