Single Family House Hacks in Atlanta

[Anye Wanki]

Hello all,

I am a new REI investor in the Greater Atlanta area. My cousin and I are working together to invest in RE. I was initially looking for multifamily deals but the deals have been slim to none so I have expanded my scope to single family residential househacking.

Can anyone please provide any best practices? What to look for to qualify a SF as a good house hack? How do I figure out fair rent price when it comes to renting out rooms (I have used BP insights before to calculate rent for properties not rooms)? Looking to have an accurate as possible rent in order to calculate if the deal is good.

I have been seeing various different types of SFs ranging from ones with 4+ rooms to others with finished basement, others with additional dwelling units and some have garages. I am definitely super excited and pumped to get into my first property!

Can't wait to hear some of your experience with Single family house hacks! :)