They sold me on the fact that they are a Military Family and I did not do my proper due diligence.

Such a good, comprehensive overview and introduction to help us keep perspective on all the ways to develop our businesses.

The area where the duplex is, is being (albeit slowly) renovated, there quite a bit of development going on and prices are definitely on the move in Daytona Beach.

Each state has different laws as to how to properly serve. 

The newly developed gain in the purchased property bought in the QOZIf you hold til 7 years your original gain receives a 15% step up in basis, and so now you will only pay tax on 85% of that original gain.

If this is true and the county ( Jefferson, Alabama) did not properly record the vacant land parcel I am assuming the tax sale would be void.

I actually developed one for the properties I bought with tenants to get accurate info on them yet failed to do for my own tenants.

By doing that you should be able to raise the rent and possibly the sales price depending on the demand.The best way to make more money is to be prepared to move to the hot areas and by buying small apartments and working your way up to make enough to be able to hire an experienced Property Manager or a Property Management Company to take care of the daily needs, both maintenance and occupancy,  that is experienced in that area or type and will report you regularly on what you need to properly oversee their efforts and the properties financial status.One good thing is that many smaller apartment complexes are owned by Mom and Pop. 

I am looking for partners and rock-stars to develop a team.Plain and simple.

Apparently, some of the kitchen cabinets don’t have doors; the water heater was actually red-tagged (need proper venting) and the PM feels the steep driveway is a big deterrent.