Correct?

Given this is not a cash loan, and I would be using a home equity line of credit from his paid off primary residence, correct me if I'm wrong, he should expect to pay ~4% interest once the line of credit is used.

Althouth inventory is tight, the constant development (i.e Beltline) going on around the metro Atlanta area, I still think we have a good 2 - 5 year run before you see any real correction here.

@Jay Hinrichs and the others are correct - you need to learn a little more about local code and build a good team.

@Paul Martinez I personally think that starting with a house hack is a great way to go as you will learn a lot during the process and there is minimal risk (If you run your numbers correctly of course).I looked on prices in your area so i can give this example: if you can put 3.5% down (FHA loan) and get a duplex for 500K and the rent covers 85% of your expenses (PITI) you already cut your monthly expenses by not paying over 2K a month in rent so you can save money in a higher rate while getting equity as the mortgage is getting paid. 

Account ClosedSorry you didn't tag me correctly so I wasn't notified to your reply...Bingo. 

The lawyer is correct that one must file a special petition to obtain something called a grant of letters if the deceased has been dead for at least 21 years.

Everyone is talking about the coming housing correction but I think Seattle has very strong fundamentals that it will be able to weather the storm quite well. 

PEX is easy to install if you buy the correct tools.  

Two additional things: 1) I believe I am correct in saying that studies show that a loss of money hurts more, proportionally, than a gain does.