If the spouses co-own an LLC together the only option would be if they married couple resided in a community property state allowing them to disregard the entity under Rev.

The growing tech sector, infrastructure projects, and diverse job opportunities continue to drive population growth, making Atlanta a promising option for multi-family investments.

I agree with most—if you're local and familiar with the property's history, self-managing could be a great option!

Thank you,Jerry Jerry, I recommend getting in touch with an experienced broker who can educate you on all the possible options in the investment space for cash-out refinances.

My view is there is more protection on a wrap than a sub to and with the right disclosures and underwriting can be an alternative option. 

I would finish 4/6 rooms down there with proper egress and optional ventilation.

Don't be so quick to indebt your paid off townhome until your learn creative financing and review all your options.

I was their best option.

Buying a turn key rental, in an area you know or knew well, with a property manager you've met and trust, in an area that is large enough for you to have other options to find contractors and property managers? 

Quote from @Patricia Steiner: There are several lenders who offer low/no closing cost options for first time homebuyers.