My wife and I own our home, and are using 2019 to get out of consumer debt and I am working to learn what I can about real estate investing.I am a voice systems engineer for a financial institution.Maybe with confidence and time trying wholesaling or flipping would be in the realm of possibility. 

Essentially, BK would search public records for where McDonalds was buying land, filing permits, etc., and then acquire property in the near vicinity.

@Brent PerkinsThere is good news, you can likely turn the property to a rental for 3 years and still be eligible for the section 121 exclusion($250,000 of capital gain or $500,000 if married filing jointly).

I would check with your county and cities.Los Angeles city requires you to file with the city finance office if you do business in the city.

Recently, when I have a tenant that is falling behind and wants to catch up after I take them to court, I have been writing what my lawyer calls a Stipulation Agreement.My problem is that my lawyer tells me that in order to enforce them, we need to file within 30 days of the first breach of the Agreement.But often, especially when dealing with tenants trying to catch up, they slip a little from their plan.

Recently, when I have a tenant that is falling behind and wants to catch up after I take them to court, I have been writing what my lawyer calls a Stipulation Agreement.My problem is that my lawyer tells me that in order to enforce them, we need to file within 30 days of the first breach of the Agreement.But often, especially when dealing with tenants trying to catch up, they slip a little from their plan.

Our CPA is telling us we can't depreciate our two multifamily properties (purchased both this year) because our household income (married-filing jointly) exceeds $165,000. 

You would have ongoing filing requirements with the State and would need to keep business records and documentation.

California is a community property state so a husband/wife LLC doesn’t need to file a partnership return if electing to report on personal return.

It is zoned to allow for a higher density so I don't need to change that, I'm simply looking to divide one lot to three.In Lancaster County, SC all you have to do is have it resurveyed and file the new plat with the county, but I am imagining Mecklenburg will not be that simple.