These are professionals with additional training and a stricter code of ethics.

I simply view their Sec 8 voucher as additional income and try to make sure all else shows a quality tenant. 

For comparison, I just completed two new build duplexes in a flood sone in central Houston using a builder for these and my Hard + Soft costs were $149/ft. the only additional cost to factor in was the land. 

In addition to Decatur, consider areas like Druid Hills, Kirkwood, and East Lake, which offer good rental demand and accessibility to Emory.

For money judgments, in particular, it’s often worth consulting with an attorney to make sure everything is handled properly and legally—especially when you’re operating remotely.Best of luck with the process, and definitely reach out to the Facebook group for some additional insights!

But possibly do a prom note for an additional 50k after about a year by pulling out equity.

So in my example you should be able to get your $200k and an additional $50kish after accounting for all closing costs on the refinance.

In addition tenants can choose to have their payments reported to a credit bureau to build their credit.

If you have any further questions or need additional details, please feel free to reach out.Thank you for your time.Dana@Dana Lee Fuller I completely understand and as a former Director of Lending for a CDFI in the Midwest that financed the gut rehabs of mostly abandoned 2-4 unit MF properties, I've worked with similar developers that are targeting more of a "social impact" investor base. 

Updated the kitchen, bathroom, and pulled permits to expand an additional bathroom/walk in closet.