Fannie/Freddie (Conventional) loans aren't just about rate and transfer taxes. 

Typically, the adjustments I see on appraisals for basements are more flat rate adjustments. 10k is usually the number I've seen.What stinks is that there are a couple of model types that have below grade space where the builder, I'm sure, was trying to lower the taxes by having it below grade so the county wouldn't count that space in the assessment.

When evaluating markets for rental properties, there are a lot of factors to consider: population growth, employment rates, rent to price ratio/GRM/Cap Rate, rent trends, vacancy rates, etc. 

Further, running a very quick and simple valuation based on $900 rents, 8% vacancy, 25% op exp margin, and a 9% cap rate, I'm coming up with an ARV of around $83k, so I'd pass if I were you unless you can get a much lower purchase price.

As I'm sure you're well aware, the small multifamily space in metro ATL is competitive despite current interest rates. 

I am now 29 and wanting to grow at a faster rate- and also ensure that I am making smart moves, rather than just grasping at whatever a bank will give me.

"District South was financed with a fixed interest rate construction loan from our partners at First Financial Bank NA.

As you begin you REI journey here is a piece of advicecheck out this website for a great over view of a city https://www.areavibes.com/This website gives you a total livability score and you can see things like crime rate, housing, walking score and more.Best of luck!

Yes, I also feel hesitant about letting other tenants know that I am the property owner.I agree that targeting areas with good neighborhoods and higher class ratings is a safer choice.

He still buys at a discount regardless of the strategy.