Quote from @Kwanza Price: Thanks Chelsea for your reply.I mostly wanted to understand what the experience was like and if you have any advice for setting up an LLC/IRA?

Unfortunately, I’ve run into a major issue: I received a Stop Work Notice on my property in Covington, GA, because I didn’t have the proper permits for the renovations.I want to resolve this as quickly and smoothly as possible without jeopardizing the project.Can anyone offer advice or share their experience with:1.How to address the Stop Work Notice with the local authorities?

Before diving in to offer advice, I'd like to clarify a few things with you, if I may....You mention that you are going to live in the property while you renovate. 

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.

Readers should seek professional advice. 

Good luck, and feel free to reach out for more advice!

I ask for a piece of advice.

Any advice on the matter is greatly appreciated. 

This means there may be less competition from professional investors, especially in areas where the demand for owner-occupied homes is strong.In short, if you are just entering the real estate market and don’t yet have the capital to compete directly with investors for multifamily properties, focusing on single-family homes could be a more strategic choice.

Would love to connect with you and gain some advice from a more experienced investor like yourself.