ITI is the interest, taxes and insurance versus principal taxes and insurance.

You'll want to make sure you have every contactor fills out a W-9 collecting their name, address and tax id. 

Best to consult an attorney - these types of things can get complicated and take time to work through - don't want to be in the middle/end of a lending process and have this be unresolved/still pending

Considering the hefty property taxes in my current area, totaling around $9,000 annually, I'm contemplating selling and reinvesting in two properties within the Charlotte area.

Your goal is to build equity, which can be done through several ways (cash flow, appreciation, principal paydown, tax shielding, etc).

The zoning record says it is in an unincorporated tax district. 2) A home in Kennesaw that is also zoned for single family.I see online that there is conflicting info, where in DeKalb county, 3 unrelated people can live together, but Decatur shows 2 unrelated people.

I know the taxes are low.

Hello friends,Does anybody who had experience with Live and Flip consider that as a business for tax purposes? 

Build equity over time and take advantage of tax write offs and appreciation. 3-400 a month on a 70k investment is a 5-6% cash on cash return - you can get that in a high yield savings right now, and, that's objectively a lot of cash to shell out. 

I consulted attorneys who are telling me it will be at least a 2 year process to evict in housing court let alone all the protections services available for elderly / appeals he can raise.