Localities qualify as opportunity zones if they have been nominated for that designation by the state and that nomination has been certified by the Secretary of the U.S.

This is legislation designed for New York city but once again places like Syracuse will feel the brunt of the effect. 

Practically the entire island is designated an OZone.

Use simple design choices for long term rentals.

These loans are designed for investors and they can be written in the name of an LLC with a personal guarantee.

It doesn't need to be extreme but you definitely want the ground to slope away from the house.Having finished my own basement, one of the things you can do is design it to withstand small amounts of water seepage. 

Some people specialize in that arena and they do very well at it because they thoughtfully design their business operations around those pros and cons. 

In terms of finding distressed property I believe you still have to do that due diligence but in terms of keeping an organized work space and tools and resources i think his software is pretty much competent on delivering that ease of hassle to you.

The partnership will likely be designed for this deal only, as we all intend to take our profits upon a profitable exit post-renovation within 3-9 months.

I would still use the designation, just ask a Broker the do's and don'ts for your state while on InActive status.