I wanted to see if anyone has experience with or owns any properties with knob and tube wiring and what I should do.

Quote from @Kwanza Price: Thanks Chelsea for your reply.I mostly wanted to understand what the experience was like and if you have any advice for setting up an LLC/IRA?

Providing a simple and easy move-in process can help create the best experience for new tenants.

To get the job you have to have job experience, which is a catch 22.

Does anyone have any experience or guidance on doing one of these?  

Unfortunately, I’ve run into a major issue: I received a Stop Work Notice on my property in Covington, GA, because I didn’t have the proper permits for the renovations.I want to resolve this as quickly and smoothly as possible without jeopardizing the project.Can anyone offer advice or share their experience with:1.How to address the Stop Work Notice with the local authorities?

In your experience, do you find that it's possible to cashflow or at least break even with these properties and today's prices/rates?

You Can Only Have 35 Non-Accredited InvestorsRule 506(b) allows an unlimited number of accredited investors but restricts you to only 35 non-accredited investors.However, there’s a catch:Non-accredited investors must be financially sophisticated.They must have enough experience to evaluate the investment risks.From the SEC:“Securities may not be sold to more than 35 non-accredited investors… [who] must meet the legal standard of having sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of the prospective investment.”If you’re planning to include non-accredited investors, make sure they qualify—or you could be violating SEC rules.3.

Partnering: If you're initially short on funds or experience, consider partnering with someone who has more experience or capital.

Any advice on this and experience/tips from others having gone through similar deals would be greatly appreciated!