I go for run around this area and always feel safe.There is a deal that I been working on for wile in Levy which i would buy when the seller comes to terms.Park Hill is typically higher socio economic area.

The trend is to make capitalism look like it's the source of all our economic problems and now politicians are trying to use that to convince America the government should oversee housing, rents, and a whole host of other things that I'll leave out so as not to deviate from the RE perspective. 

Does anyone have an opinion on building right now in Atlanta during this current economic climate?

Put it in a separate LLC than the rentals- it's like trying having the same coach for both your ballet dancers and football players...neither will be able to be optimized.

Underestimating economic vacancies?  

Do you think I am making the best choice by going with a more economical repaint?

If the success of your REI depends on the economic situation, then you didn't buy well in the first place. 

NYC has a few things going against it now, in addition to the fact that the numbers on rentals haven't made sense for years:1) New rent protections and a desire for more.2) Plenty of new inventory in Queens & greater NYC (I live in Long Island City, so we are at the center of it)3) Later stage in the economic cycle.

LLC membership interest (and economic interest) in NC is treated as personal property, so members can (if the Operating Agreement supports it) sell their interest and the LLC will continue on.

Does this make sense economically?