@Keith Mintz Will you be running the house or leasing to a company that does sober living.

Its a tiny loan for any institution.You'll have to get hard bids from a local GC, but maybe $110/ft?

I’ve been considering working for as a acquisition manager for a  wholesaling company, as I believe it would help me develop skills in property analysis and enhance my sales abilities.

Loan interest is deductible based on the use of the loan, not the asset securing the loan. 

Since the previous owner is getting most of the proceeds does the closing attorney issue him a 1099S and then issue my company one for a much lower amount?

I own a home improvement company and also completed a flip with great ROI.

I started a property management company in 2017 and am now managing almost 800 doors and 6 construction crews.If I could do it all over again, I would have spent a little more time setting up business systems prior to jumping in. 

Ike, there are plenty of great property management companies in Atlanta but you still have to check behind them.

the company I went with was 12k and performed high quality work.

Louis for the hard money loan.