It’s oddly structured and I need to sit down with a professional tax planner to map this all out i guess

Also, do you care if they are physically in Columbus, rather than just somewhere relatively nearby in Georgia?

House is assessed at $210k, but, reality is The house needs some tlc - flooded basement, hoarder house, no structural issues, some mold from basement flooding, electrical issues.  

I’d check them with the PD (pictures of the guns with serial numbers listed) I would not provide the physical gun to the police unless you are giving them to the police.  

Loans are structured differently, etc. 

I'd take a hard look at any real capex projects as mentioned above (plumbing, electrical, structural) otherwise looks like a good BRRR project.  

@Jay HinrichsYeah, its just a LO assignment structure.

Short answer: There's not much of a difference unless you have a separate entity holding the properties.Longer answer: There is some additional flexibility in how to structure a commercial line of credit. 

After all, we hire lawyers when we need legal advice, doctors for physical issues and accountants for taxes.

I read the writing on the walls way back in the late 80's and 90's and systematically chemically stripped or physically removed any suspected lead painted trim, clapboards, antique doors, etc. from 1983 through 1989.