Also if the property is older there could be asbestos or other contaminants and then demo can be more expensive because of additional regulations required.  

Most real estate deals are going to be one or more LLCs or a SLLC, or a Limited Partnership with one or more LLCs; depending on scope, dollar amount, any lending required, securities regulation, control, etc..

However, I'm very familiar with their rules and regulations regarding sales.I've bought tax liens in Greenville County and Beaufort County in SC and Cobb and Gwinnett County in GA so I'm pretty comfortable with the process.

Regulation A+: State Regulators Take the SEC to CourtFor those non-accredited investors wishing to invest you may need to wait longer.  

I am finding inconsistent information on Georgia regulations and the criteria to starting a property management company and wanted to know if anybody in BP could provide links I can check out or even give me information?

But we kept going and we filled our environment with positive thoughts and like minded people.Good luck

@David Faulkner @Jay Hinrichs Your strategy seems to be the approach experienced investors take advantage of in those low cap rate environments.

Otherwise you run the risk of getting into trouble with the real estate regulators in your State.

If you are not experienced I would recommend staying away from one where you are able to write your own checks, you could get yourself in trouble, leave all the laws and regulations up to the professionals in their field.  

Katey,Based on what you posted Please find a REAL real estate investor and mentor under them before you get yourself into trouble with your State Real Estate regulator.