Because if you do, they are one of the few states that will require you to pay their tax after you’ve left the state.

Try to see the property yourself if you can (was out of state initially).

All that while state and IRS taxes on profits are increasingly challenging, as refinanced funds for construction in progress aren't deductible expenses, thus not lowering tax bills.All that said, the "snowball quickly" effect you mentioned isn't quite happening yet.

@Michael Whitman , it would totally depend on the company, but you make a great point.

Thanks for your message, Matthew.I’m focusing on out-of-state investments in Alabama, where I already have a team of contractors.

My advice is get a real estate agent who is also an investor, make sure to walk the properties yourself (if that means flying into town that couple of days and flight cost may save you tens of thousands, the number of out of state investors I have met who are up **** creek without a paddle are numerous)  and run your numbers forward backward side to side for every strategy. do you have a back up plan to your back up plan? 

Company's and Regulators are cracking down on how texting can be used, and soon it will basically be illegal or too expensive to stay in compliance.

Either pay it back in ten years or when I sell I have to give a % of the equity to the lending company. breakdown$2,200-$1,100=$1,000 profit what are your thoughts?  

Does your PM company pay BAC? 

It got me thinking: maybe we’re solving this puzzle in the wrong places.I’m the CFO of a company that develops, builds, and manages multifamily projects, and we’ve been digging into rural markets in the southeast US—think rural Georgia, Alabama, places like that.