They age the barrels on ships at sea and it has a very complex flavor profile that is very salted caramely to me, I only drink it when I hit milestones or goals!

Assuming you are referencing the city of Atlanta, the STR and MTR rental regulations are complex and strict, but many adhere to them.

The exact percentage can vary depending on the complexity of the project.

After you are comfortable becoming a landlord or renovating/hiring contractors, moving on to a BRRRR, fix and flip, value add apt complex, etc... may be your next step.

Just make sure to find a good roofer for the more complex stuff.Getting the blueprint and cleaning out the attic are great next steps.

I'd be happy to take a look at it if you want to connect I would appreciate itEven if the property is surrounded by homes and even an apartment complex next lot over? 

Let's break down the pros and cons of each approach:Forming an LLC in the State Where the Property is Located:Pros:Compliance with Local Laws: Establishing an LLC in the state where the property is situated ensures compliance with local regulations and laws specific to that jurisdiction.Legal Clarity: It provides clear legal jurisdiction and may simplify any legal proceedings related to the property in that state.Perception: Operating with a local LLC may give tenants and local authorities confidence in your commitment to the community.Cons:Additional Costs: Setting up and maintaining an LLC in another state means incurring additional registration fees, taxes, and possibly hiring local legal counsel.Administrative Burden: Managing multiple LLCs across different states adds complexity to your administrative workload, including extra paperwork and compliance requirements.Tax Implications: You may face tax obligations in both the state where the property is located and your home state, potentially leading to double taxation or complexities in tax filings.Managing Through Home State LLC:Pros:Simplified Management: Handling all properties under a single LLC streamlines administrative tasks, reducing paperwork and simplifying tax filings.Cost Savings: Avoiding the need to establish multiple LLCs in different states saves on registration fees, legal expenses, and ongoing maintenance costs.Consistency: Uniformity in management practices and legal structures may contribute to efficiency and ease of operation across your real estate portfolio.Cons:Legal Exposure: Operating out-of-state properties under a home state LLC may expose your personal assets to the laws and liabilities of the other state, potentially diminishing the liability protection the LLC offers.Compliance Challenges: You'll need to ensure your home state LLC meets the legal requirements for conducting business in other states, which could involve additional filings and fees.Perception and Credibility: Some tenants or local stakeholders may prefer dealing with a landlord who has a local presence, which could impact your reputation or relationships in the community.Ultimately, the decision depends on your specific circumstances, risk tolerance, and long-term goals.

.- Legal and Tax Complications:Navigating different state laws and tax regulations can be complex and confusing.Out-of-state investing can be a great way to grow your real estate portfolio, but weighing the benefits against the potential challenges is essential.

I have an apartment that is set up as a 55+ complex historically but there is no deed restriction requiring it to be maintained as a 55+ complex. 

He owned a hotdog stand in the complex, and through our growing friendship, he eventually offered me the property.