newbie here - possible to find a deal with minimal rehab?

[Krystle Jiang]

Hi everyone! I want to get into the game, but I'm highly risk averse and afraid of biting off too more than I can chew for a first deal. Do y'all think it's realistic to try to find a SFR that does not require a lot of rehab to cash flow? Seems like this might be challenging to make the numbers work with a long term rental, so I'm thinking short term rental. Want to do some quick aesthetic work but not much more. Thoughts on if this is a viable newbie strategy? Ideally in ATL area 

[Jamie Milburn]

Hi Krystal.

I'm in the ATL area and having a hard time finding properties that will work for a long term rental. The market is correcting here a bit but still hard. I work in the construction industry and am comfortable with rehabs and even homes that need a lot of work the numbers don't work. ALT's rules on STRs is that you have to live in a home where you rent out at least one room as a STR and then you can have a second property that is a STR. I do not. But I'm still looking every day hoping to find something that will work. Also now looking at other markets as well. Do you live in ATL?