Hi all! I am new to the BP community and looking for some advice from you friendly people! First, let me quickly give you some background. I am British and have been working in the US for almost 2 years. I am currentl...

If the area is stagnant, it probably is not worth it.There is always the concern of non-use. 

If you can master this area, you may have little (legal) competition.The above is provided for discussion only, and, to the extent it could be construed as advice or counsel, should not be relied upon without first engaging competent legal counsel for your particular jurisdiction and legal issues. 

Hi everyoneI need a reference for a business bank account for my LLC.As a non-U.S. citizen (South African/Netherlands), I am the sole member of a GA LLC, which owns a property in Atlanta.I am looking to open a bank account for the LLC (for rentals and expenses), and I was wondering whether anyone could give me a recommendation in this regard? 

This particular property is a quadplex.

Some precautions to consider:- Make sure the person who is the borrower of the underlying bank mortgage fully understands the implications  of a wrap, as well as the buyer- Consider a 5 or 10yr balloon note (vs. 30yr fixed) if you are worried that the seller may have 2nd thoughts down the road- Buyers should need to bring a significant down payment to the deal so that they have skin in the game- If your state allows a Deed of Trust for the wrap note, I suggest using that document (vs. a Mortgage) as it will put a lien on the house allow the Seller to pursue a non-judicial foreclosure if the buyer does not perform.- The home insurance after the sale (the new owner is the "insured") should retain the name of the previous owner(payor of the bank note) on the insurance as "additional insured" so as to not set off any alarms with the bank.- Use a 3rd party loan servicing company to collect all mortgage and escrow payments and make all appropriate payments to the bank lender as well as seller finance lender.   

With a sewage treatment or septic, my parish (county to non-Louisiana people) requires a permit to turn the power on once it has been turned off or even transferred. 

I spoke with someone in the planning office and they said that it was a "legal non-conforming use."

There are many that specialize in lending to non-owner occupied investors on buy & holds or flips. 

They are typically called Non-QM loans.