Hi BP community,

My wife and I are private real estate investors here in Atlanta. We have a few deals that we might be closing on within the next few months but aren't exactly sure which exit strategy we are ...

First, make sure the property was converted to a triplex legally - i.e. all permits were pulled and there are three separate electric meters.Providing the property is fully occupied and the renters are all paying and current it should make it easier to wholesale the property to a landlord.

there are some disadvantages to this sometimes on your basis in the property for taxes.As to how you can legally sign leases etc now, get a limited power of attorney to handle all legal matters concerning that property.

If this is the case, could someone tell me the proper & legal way to do this?

So if it is zoned RT-4 but taxed as 7 units then it is considered "legal non conforming" which is perfectly fine EXCEPT when you, the owner, destroy/tear down the property then it must be rebuilt to conform with the new zoning.

What are my legal options to collect the rent for March?

It's my report that goes out annually to the probate legal community each Summer.

The consumer buyer can't buy without the fees being paid and the attorney is betting on the selling lender to pay them on demand in order to close escrow, without putting up a fuss or any legal dollar behind fighting the demand.

Just being educated enough about our financial and legal system can make wonders happen though.

I know more than one legal firm that seems to like commercially zoned houses to operate out of.Now I have a nonconfrontational, while honest question and could use an equally honest answer.