We moved office locations from a single-family house in the suburbs of Martinez, GA to an iconic building on 1918 Central Avenue, a former Pure Oil gas station designed to look like an English Tudor cottage.

This is especially true given the high price I expect to pay for the property, as I think appreciation will give me the best ROI.I prefer house-hacking to out-of-state because:1) I want to own the house I live inThis is a pure emotional thing.

Is this a property you would have bought as a pure investment?

The best way to approach this is from purely a business and service standpoint; I'll say it again from a service standpoint - Owners will want to approach it as a 'partnership' whereas if they have issues, then you have issues and you share the responsibility of their dilapidated property or their ill performed decisions with them BUT at the same time some will want to nickel and dime you at every turn, in an industry that operates on nickels and dimes.... so my advice is for you to approach it from purely a service standpoint, no different than that from a landscaper, or plumber, etc.

Taking a drink from a fire hose is the best way to describe the info I share with clients.

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Purely cost and governmental.  

@Jane Mipsey putting the investment property in an LLC is purely for limiting your personal liability, not for tax purposes.

It’s a purely a balcony.

A pure fix and flip will not qualify for the 1031.