We will be needing funding following the completion of this project, and want to lay the ground work for a business showing income that banks like.

@Daman Gandhi there will likely continue to be a need for office space, however large facilities will eventually phase out.

Contractor : Usually they charge between $250 to $300 per square foot for a flat (ground level addition) : thats retail : our people charge between $175 to $200 per sq ft (for ground level construction) licensed and bonded.

@Kenedy A Foryoung If you make less than $100k, you can write off up to $25k of net rental losses (rental expenses in excess of rental income) per year.If your income falls between $100k-150k, your allowable rental loss phases out.If you make over $150k, you cannot deduct any net rental losses against your W-2 income unless you're a real estate professional (which you likely won't qualify for with a full-time job).

When we are ready to close and move to the construction phase, a construction loan is brought in and other needed equity comes from a variety of places (other investors, LP investment firms, etc...)

So far, my business has been limited to my family, as far as investors, and we have been successful doing renovations and more recently building from the ground up as rentals and flips. 

I am looking at Indiana and Michigan because that is where I grew up and I have people on the ground that I trust to help me (send videos/manage/odd jobs etc) I'm looking through different cities now and still learning the markets.

So I’m 22 and I’m in the educational phase of hopefully being an REI I plan on buying my first property next year for house hacking. after I improve my credit score and save up for my down payment but I’m torn between two markets I was thinking about moving to Atlanta and buying my first property down there but I’ve never lived there nor do I know the market or should I just purchase my first property here in my hometown (Chesapeake va) just to get my feet wet and then purchase my next property In GA?

No "wood to ground" (no wood siding or trim withing 6" of ground).Termites - Inspection is required if there is evidence of termites.

Property A might burn to the ground, but if you have 999 others, you are more likely to be able to weather that storm than you could if it were 20% of your portfolio.I'm not saying either of us is right or wrong, only that it's all relative and it depends on your perspective.