I want to provide a safe, structured living environment for individuals transitioning out of recovery or other challenging situations.I’m new to this process and was hoping for advice on the following:How to navigate zoning laws and permits in Montgomery for this type of setup.Licensing requirements for sober living or group homes.Strategies for finding residents or partnering with local organizations.Financial and operational tips for managing this type of property.I’ve heard zoning can be tricky and want to ensure I comply with all legal and safety requirements.

Your attorney or CPA should be able to create tax efficient structure for you.To avoid this, keep management and decision-making localized to Alabama, and consult a CPA or attorney to ensure compliance with both states' regulations.This post does not create a CPA-Client relationship.

What strategies or flood mitigation measures worked best for you to ensure long-term profitability?

It's a great asset class but you also have to ensure you buy in a way that doesn't hurt you.

@Bijan SabbaghiYou don’t that’s the challenge - we pull data from several places as a note holder and for example and currently we see less than 20% actually going to foreclosure as most are ending in bankruptcy right now due to borrowers equityThe ones that are under water are typically going back to the bank.Best bet is to find properties where deceased or maybe divorced to get higher chance of actually going to foreclosure

Consulting with a tax professional is advised to ensure compliance and proper handling of deadlines.This post does not create a CPA-Client relationship.

The custodian is who applied to my rental and also the one that came to view the property to ensure it is ok for the tenant.

Then, at that point, why not just join the MLS for a few hundred dollars more and have access to comps and tax data?

I more so meant if there are people you could hire to do a pre-inspection to ensure you pass on the first go!

The data is undeniable that there’s so much existing and future need for more capacity.