Q: With all the foreclosures in my area, I am pondering the idea of buying a small house and converting it for business use. I have excellent credit, so I know I can do this. However, I am not sure where to start. How does one find homes that are in foreclosure? Is a Realtor needed for this? I am also not sure where to find laws/regulations on opening a small business in a residential area? There are already a few small businesses operating out of previous residential homes in the area that interest me. I am aware of the responsibilities that will be upon me for owning rather than having a landlord to call for problems. So, in your opinion, is it wiser to own than rent for tax benefits? A: I can write a book and still not answer all of your questions. The first thing you must d...
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