Fulton County tax records show the property is a coded as a duplex (style field of Improvement Information box).  

Do you have a CPA that is applying the tax code for your benefit?

I am learning more and more about section 8 and wonder if it would be a good strategy to convert the project to that as I checked the zip code and what you get for 1 and 2 bedroom apartments is much more than what we are getting at the moment. 

For the ground floor (non-permitted) we need to do some bathroom improvements which are not presently to code.

Recently, another tenant reported it to the City, and I received a code enforcement letter requiring a permit for the HVAC.

., before December 30If the earliest possible date investor was actively carrying on a trade or business was December 30, 2004, then any expenses incurred in that year but incurred “before the day on which the active trade or business” began, all the expenses incurred from January 1 through December 29, 2004--would be, by definition, start-up expenses whose deductibility, and possible amortization, is expressly dealt with by section 195 (Start up amortization).Court case for reference: Code Sec(s): 162; 195Docket: Dkt No. 30077-07.Date Issued: 04/30/2009Judge: Opinion by Gustafson, J.Tax Year(s): Year 2004.Disposition: Decision for Commissioner.

-I omit bad areas by omitting zip codes in these areas.Just make the decision to call them today.

Building codes change every year.

As a first-time investor, you might find it easier to start with properties built after 1975, as building codes improved significantly around this time, particularly regarding wiring and plumbing, which can reduce the number of surprises and costly repairs.

(Source: Journal of Accountancy, IRS Publication 925, Section 469 of the Internal Revenue Code)