I don't know specifically about ADUs and Chattanooga, but I have clients in other markets that focus on ADU construction on larger SFH lots.

@Ashish AcharyaYou're merely reproducing the IRS position, the one I specifically challenged.

Midtown refers to a specific area and it's quite desirable. 1/1 MTRs would do well here IMO.

Feel free to reach out if you have any specific questions about the area.

Oftentimes non-real estate specific CPAs aren't super familiar with all of the benefits of a study.

In mid February, many tenants get caught up when they start getting their income tax refunds (depending how fast they file).Income tax refunds also give tenants the needed funds for first month of rent + security deposit, so they can move.Check out this graph, which was created from tens of thousands of data points:Regarding your property, suggest the following:1) Where specifically is it being advertised?

If you're targeting a specific market, I suggest connecting with local investors through meetups. 

There are state specific items to take into consideration.

Do you think he read this thread and was talking about @James Wise specifically? 

., the specific procedures laid out by the SEC in Regulation D.