Scott's Book on Flipping Houses has been invaluable and essential not only in learning the fundamentals, but helping me get over the hump and getting out there and making it happen!

.- Boutique Hotels (Gulf Coast tourist towns or in popular/historic neighborhoods such as New Orleans Garden District)- Convert older buildings into luxury apts (Happening in downtown Houston!)

The goal is to buy as many owner-financed duplexes/tris/quads over the next 5-7 years to essentially pay very little for our own living expenses, all the while collecting cash flow and having others pay down the properties.

We currently have 27 designated historic districts in SA, the "Federal Historic Preservation Tax Incentive program" offers a 20% federal tax credit for qualified rehabilitation expenses (must exceed $5k) in or around historical communities (May include Contributing properties 50 yrs or older).

As has been mentioned, if this is in a historic district you could be in for a fun time getting permission to change the exterior (Including color changes in some UDTs)City of Atlanta means a long time getting permits.DO NOT try and skimp on the design work.

I really like the Cayo District a lot.

The seller pays the commissions so you would essentially be getting professional representation for free.

Sometimes, a potential tenant will deliberately leave information off of their application and it takes longer to verify the essentials.

I am currently in talks with an owner regarding a structured seller finance deal where the owner will agree to give me the rights to repair and resell his property and essentially serve as the property manager from a maintenance perspective, whereby I will be receive all the rents and also be responsible for the private mortgage that he will provide me.

In the other setting, with two separate loans and transactions, you would be subject to normal lock periods like any other loan because that is essentially all it is.