It sounds like you obtain an attorney just in case the tenant wants to sue you for something, if you have an attorney already you are not playing catch up at that point.

I'm new to Real Estate and Wholesaling and have a question about obtaining LLC's in the state of Georgia. 

Went through the process of obtaining my RN in License for Nevada, but was never able to secure employment, so I never made the move.

However I do t know how much money you would convert, what tax bracket you are in, how much your return will be, etc. invest in what you know and understand to reduce risk. 

Who knows if they're accurate to the T, you only know if you talk to the owner (many of whom I know in certain areas), but it gives me a very good idea of where to put the rent and how far to negotiate based on my needs. 

Some of those costs aren't deductible any way- closing costs, travel to obtain it ect will get rolled into your overall depreciable basis. 

I also pulled additional cash out on that same loan to finance a 1-bedroom apartment addition on my current primary residence (which I obtained a zoning variance for earlier this year).

Originally posted by @Max T.

Not knowing many details of your current situation i would say refinance or heloc would be a good way to obtain funds for your next real estate purchase but there is also a lot to consider ..how much rent can you get from your current home, are you willing to do some repairs yourself, do you want a turnkey purchase, will you self-manage your rental..etc etc. put the numbers on paper to have a better picture.

:Info:Here is the T-12 from 2019:2019 PnL: NOI of $202,000 on $448,000 on gross rentsThe monthly NOI for 2020 so far has been right at $22k-$24k/mo.