However, you should read the rules to see what is required or speak with an attorney.

Make sure there are no local ordinances, or deed restrictions that may block your plan to subdivide.

These are the covenants, conditions and restrictions which run with the land and are applicable to all owners.

@Ranjit WasuA lot of people use the 70% rule, but I personally don't. 

thank you the next one in Charleston I will post is our first venture into the historic district were the rules and regs are quite stiff and the homes are museum grade.. you know horse drawn carriages gas light lamps very cool..

I've heard the 1% rule, going after multi-family units etc.

From what I've heard, the 12 months live-in is still a requirement but I'm not sure what restrictions on rinse/repeat there are so I'll look into that.

Yes, this charge can be expensed (to my knowledge) under professional fees.Lastly, your $2,500 question refers to the expensing of items under the de minimus safe harbor rules.

I'm going to buy a pickup for my LLC, and I know that with the new tax rules that if it is over 6,000 lbs GVWR I can write it off 100% the first year.

Good Morning:Before purchasing condo units for rental should review the bylaws and declarations to make sure the rules do not prohibit renting out the unit for profit.Regards,Johnetta Paye, Esq.