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Updated about 8 years ago,
Atlanta the best sub-$100k Single Family Cashflow Market?
So I've saved up some cash, currently am living internationally, and am eager to start building a small portfolio. My strategy will be to rehab distressed sub $100k homes (target average: $75k bought and rehabbed with $1k ish rents) and cashflow them. Most likely I'd go for single families with some multis mixed in as the working capital grows. But I want to focus on one city so I can find one team to run everything.
Right now I've been looking into Atlanta, and it seems like an ideal city to focus on; decent-sized rents, solid growth, jobs to go around (correct me if I'm wrong). There seems to be a ton of inventory out there, which is great because I want to stack them fast once I get going.
So I have three questions:
1) Would you recommend any other markets to look at that could give me what I'm looking for?
2) How do you think Atlanta looks now? Am I late to the punch? I know it was all the rage in 2013...
3) I'm new at this, so I'd be grateful for any non-obvious tips on how you would assess a city's investment viability and what you'd look out for in the research stage I'm in.