So for the first item on the balance sheet you put the purchase price and then for the WIP item you add all purchase closing costs, reno/holding expenses, sale closing costs and then finally put the sale price as revenue?  

Hello, I signed a purchase agreement for a new construction home as an investment property.

Hopefully I can connect with some of you guys in here to find out more information about both and to make my decision on which route I should take.

Fulton County tax records show the property is a coded as a duplex (style field of Improvement Information box).  

Has anyone had experience with purchasing or considered purchasing a building with a sinking foundation?

I realize that a full feasibility study will most likely be required if I move forward with an LOI and purchase contract.

As a CA native I've never purchased out of state and curious how different the lending rules are in MN.  

I would recommend you either purchase a single family residence (SFR) and rent it out. 

As an Architect, to engage on a project there needs to be a property already selected or in the process of purchase. 

If you're purchasing in a low income area, you're already getting a discount on the purchase, BUT it's ridiculous to think that a property purchased at 30k> is going to be "turn key" and rent ready, it NEVER IS!