Hey Adam, great to hear of another local investor.

I will be doing my own research on local laws & regulations, but want to do this 100% by the books.

I imagine finding the exact lease details of local "comps" is a lot more difficult than residential comps.

You are thinking about OOS investing, because it has become hard to do it local.

I'll reach out to a few agents near me and start asking. 

If you decide to go the Airbnb route in either city, be sure to check local regulations around short-term rentals to avoid any surprises.

Georgia Amendment 1, which authorizes the General Assembly to implement a statewide homestead property tax exemption, has far-reaching implications for both current homeowners and the broader real estate market.Short-Term Positive Impacts for HomeownersThe primary benefit of Amendment 1 is the cap it places on the annual increase in a home’s assessed value, limiting it to the statewide inflation rate.

You may want to network with other investors locally through your real estate investment club.

Since you’re focused on buy & hold multiplexes, consider networking with local investors, refining your underwriting skills, and researching markets with strong cash flow and appreciation potential.

If we take the same 4% annual appreciation as a conservative estimate for a multifamily property, it might also reach a value of around $180,000 today, but if it had significant value-add opportunities, it could be worth significantly more.