First, make a large amount of money in your new business enterprise.

New property initially used by a taxpayer for personal use and subsequently converted to business use meets the original-use requirement.

Maybe you're willing to take a slightly smaller cut on the first deal in exchange for a more favorable split on subsequent deals.Open Communication: The most important thing is to maintain open and transparent communication with your partner.

Subsequently, the property manager placed a Stop Order on the previously issued check covering the portion of the security deposit that was not in dispute (the tenant had not yet cashed the check).

I've identified a selection of cities, including Houston and some smaller ones, where the combined costs of land acquisition and construction (estimated at $120 per square foot) are notably lower than the market prices of completed homes.The plan is to acquire the land using 100% cash and subsequently secure a commercial or construction loan for the construction of two houses on the property.

Unlike Alessandra, I have not yet taken that leap and committed to consistently using social media and real estate forums as a means to communicating with like-minded individuals, providing value to others, and subsequently growing my network as a by-product.

You also must be aware of the competence or experience level neccessary to be able to weed out the bad hires, avoid people who would just suck your business dry, and attract and retain the quality people who will make real contributions to your enterprise.

I owe everything to my wife and without her there would be no enterprise.

Kevin, I am not an attorney, however, your situation is quite unique and would call for some interpretation which can and should be done through the city and perhaps your attorney to represent your interests.That said, a multi family property with two detached units on it which subsequently got downgraded to single family zoning should have the 2 existing units grandfathered in to remain.

Inspections and the subsequent repairs, estimates, etc is wealth of knowledge.