That property is outside the city limits and will not have zoning restrictions. It can be used as residential, farmland, whatever.
How much is the selling price on the house. I can give y'all an estimate of what your taxes and insurance will be yearly.
Well that's great news! The house is listed for $145,000 - but I'm assuming that is negotiable.
Obviously insurance can fluctuate based on your company, but to give comparison. The selling price of this house is slightly less than my mortgage, slightly. So for comparison's sake I pay roughly 900 a year for taxes. This is county tax only since the homes are zoned outside the city limits. We are not required to pay any additional taxes. People inside the city limits pay almost double for the same mortgage. You will not have sewer service, I am sure this house has a septic tank, and you will not receive trash pickup service, this is only available inside the city limits.
On the insurance side I pay right at 950 a year. (Cost of living in rural TN is pretty damn cheap!)
That should be a very close comparison to this house for sale.
If anyone has any questions about anything related to living out here, place feel free to ask!
Seriously though... forming an LLC is a solid idea and taxes would be paid through equal annual contributions by all company members (owners). Count me in for at least $1k and any business related duties (hey, I should use my degree somehow...)!
Apr 12-14th - Coachella
May 3-5th - Beale St. Music Festival
Jun 13-16th - Bonnaroo
Jul 12-14th - Forecastle Festival
August 2-4th - Lollapalooza
Aug 30 - Sep 1 - North Coast Festival
Sept 4-8th - MusicFestNW
Oct 4-6th - Music In The Middle Festival
Oct 25-27th - Mountain Oasis
Nov 8-10 - FunFunFun Fest
Not so much interested in the house itself, but I'll pay for the construction of one RV spot...enough room for our 29-footer to park, a 120V/30A pedestal, a water line (standard garden-hose type), and a sewer connection. No idea how much this would cost, but I imagine it'd be in the neighborhood of $1,000. And then I'd pick up a share of the utilities and the property tax and whatever share of the "condo fee" was appropriate for the space we were using.
Maybe we could keep this going if the house falls through, and find something that would suit our needs. Maybe casually form a time share company??....?
It's a legitimate entrepreneurial idea, an "Inforoo Base Camp", if you will. There are a ton of ways to work it too. Depending on the zoning we could produce revenue by selling Inforoo branded gear or booth space along the road to vendors. One side of the lawn could also be sold as day-parking.