Seems to be pretty nonsensical in the city's eyes if dividing the lot into two, one for each home, increases the value of the properties/homes increasing tax revenue.I don't think the timeline would be a huge issue as the property is currently rented and I would plan to continue renting it, but hopefully do a renovation after the current tenants move out.

In general, seasonality works very well with STR if the location has a big draw where guests will pay a premium to be there.

Can we divide properties while they are in the middle of rehabbing?

Now... if only his childhood drawings were all over the walls!

I’ve been drawing interest lately in the Atlanta 30331 market, I’ve always admired this area , because I’ve always saw the potential in it, most people before would have never even thought to invest in this area but now it seems to be one of those area where I’m seeing a lot of rehabs, along with the Collier heights & grove park 30318 area , I’m looking more so buy and hold more so on something that needs more so cosmetic repair , not the full rehab , and  I’m having trouble trying to narrow down a market to focus on, my main target is cash flow , 10-12% net returns, 20% gross returns , anyone have any suggestion what market in a 50 mile radius of the Atlanta metro area I should maybe focus on ? 

Remember the 1% rule is monthly rent divided by price should be 1% or more.

@Stephanie Martinson If your just borrowing money on a property from someone,  I would call a title company, they usually draw up a note for free if you do your escrow through them.

Here is a checklist for Getting Bids for your Project.Create a detailed Scope of Work for your ContractorsCreate a material list and define who is responsible for materials (you or Contractor)Finalize project drawings (if necessary)Call Contractors and schedule contractor walkthroughs to receive bidsEvaluate contractor bids and determine the Lowest Qualified BidderAward contracts to ContractorsRehab Prep After you receive Contractor Proposals, you need to finalize your Project Budget, Project Schedule & prepare for closing so you can 'hit the ground running' once you close on the property.

., as well as paying them in draws as the work gets completed.

Estate is guaranteed a sale price no less than the agreed upon “as is” value.I fund the entire rehab.If all goes well then we divide the increased sale price at closing in some manner specified in the agreement.