. $5,500/yr for IRA)- Ability to access up to $50K of your retirement funds tax and penalties free prior retirement via participant loan feature- Greater protection from creditors- No need for a custodian + checkbook control- Exempt from UBIT on leveraged real estate - Tax-free investing with built-in Roth component - and more!

As far as his experience goes he purchased his first house, years later built his second and now primary residence and has been renting out the first residence since using a property management company to do so.

and apparently this home was built specifically for two sisters to be able to live close to each-other, so it is two separate units in one building. 

Because it was in a small town, the city got wind of it and got involved and required me to get permits for everything and bring everything up to code.

Because Athens is a college town and I myself am less than a year out of college, I think this is something that I could make work as well. 

That said, I don't think it's a good fit for someone out of town (Denver or CA) with little knowledge of the area who are looking for a low cost entry into the real estate game.

I could possibly get by with four separate two-unit dwellings, but again the setback and zoning regulations would affect that too.I would recommend if this is something you are seriously considering to move forward on, hire someone to navigate all of these zoning and building regulations for you to determine what ultimately can and cannot be built on the site.

What part of town is this third ward ?

Do people even worry about having too many properties in the same town?

Hi BP I appreciate your help I'm looking at investing in a property in town.