By default I was thinking of using either the 'Estimated Fair Market' value on my 2016 property taxes of $136,900 ( Land Assessed Value of $17,100 so the difference leaves $119,800 for improvement basis) or the 'Assessed Value' of $137,400 ($120,300 for improvement basis).Since my new tenant's lease started on 8/15/2016, I am using that as the official conversion date.I'm sure if I reach out independently to 10 different realtors, I would might get 10 different CMAs.  

I will self-manage the other units.Transition to living off one-income and start having children (my wife enjoys being busy and the social aspects of work and wants to continue full-time employment).Long-term Goals-Grow real-estate portfolio to consist of a handful of multi-family units.Live off of real estate investment cash flow (i.e. achieve financial independence).  

It's slightly different then a broker in that a broker is independent and will work with a number of different lending institutions while I work with Movement Mortgage products only.

There are definitely issues in the construction world with the difference between employee and independent contractor, I worked for our insurance board, can definitely relate. 

This is about a 12-13% cash on cash return with our money.We are trying to save on taxes as I am an independent contractor and with my income I end up writing a $25,000 check to the IRS every year.We would like to know what you would do?

I hope I chose the correct category for this question.Im considering to buy a Duplex near Decatur GA (Atlanta area) which happens to have a basement with its own separate entrance.Is it /feasible to turn this Basement into a 3rd independent unit, legally speaking?

Purchase price, tax assessed value, and appraised value are often independent.  

If you plan on living there I would clean and paint one bedroom, one bathroom and make the kitchen functional and you are ready to move in.  Depending

I'd like to be able to work more independently, take on meetings with the engineers of projects we have going, and relieve some of the workload from our CEO who has been handling all of this thus far, but now needs to focus on the bigger picture.  

This will enable us to commit capital towards future buy and hold MFRs until we become financially independent.