In addition to Wishing Well Hills, Decatur, Brookwood, and Smyrna/Marietta, you might also look into Powder Springs, Austell, and parts of Douglasville, as they offer more affordable options with solid rental markets.

FYI, a 203k FHA loan is not a DIY-friendly option.

Meet with financial advisers/wealth managers and see what other options other than real estate there are and how to best allocate / diversify. ie have you maxed out your TFSA?

Showdigs is another great option for landlords in your situation.

Lenders can have different loan options based on the property type and the amount of rehab (if any) required for the project. 

I've been doing some light reading, and it sounds like refinancing that property and using the proceeds to reinvest elsewhere might be a better option. 

Roughly $600 per month in positive cash flow.What made you interested in investing in this type of deal?

.- Cant do blanket loan as I own one of the houses in one llc and the other in another llc.Thank you for your help and I hope someone will have good options!

Always consult with a qualified tax professional before making any tax-related decisions.Depreciation losses will have no effect on your financing options. 

We are ok with no or even slight negative cashflow since it would be a strong equity position for us if we hold it.