Building in Charlottesville consists of a long, laborious process. 

This can lead to consistent limit increases every quarter, which opens up even more opportunities for growth.Having good rapport or a strong relationship with a credible accountant to help simplify and oversee this process is an amazing idea and highly recommended.

Sold on 11/22/2024 for $110,000, this project highlights our strategic approach to revitalizing homes and delivering exceptional returns for our partners.

Proper documentation and consistent reporting are crucial to ensure compliance with IRS requirements.

If you do those things consistently and carry appropriate types and amounts of insurance you are going to be protected. 

Being able to drive by your properties frequently to see them in person (even if you have a property manager) can provide consistent peace of mind. 

As others noted, most municipalities issue future zoning maps which indicate the direction the local planning commission or equivalent wants to take their zoning and if your plans are consistent, that's generally a good indication as well. 

@Zachary Sakena Purchasing properties through an LLC is all you truthfully need and that is more for business planning than anything else (if you consistently follow through on the items I previously shared). 

My experience was excellent both projects were completed successfully, on time, and delivered solid returns.

Right, but how do I deliver the news that their lease will not be renewed?