If I was going to buy in that area I would go closer to U of L.

It is the bridge between buying and selling a flipped home.

While I often “trade” properties, a friend of mine is a buy and hold guy.  

There are many reasons why I haven't pursued the arbitrage model, but mainly that it takes too long for the ROI after investing all your time and effort into buying furniture and renting and paying utilities.Let's say you rent an apartment for $1500 and you spend $7000 to furnished it.

Quote from @Martin Jones: Hello, I'm young individual who is interested in long term buy and hold multifamily real estate.

That's a horrendous fallacy and a weak mindset to think that real estate agents are buying the best multis.

I have better luck with posting in the zillow rental section;   rent before you buy, live in a great property while you get yourself ready to finance a great home....Our business model;   protect the buyer or tenant at even our own expense. 

You should just buy in Georgia...that’s it!

Unless you've done substantial improvements to the building or used a large down payment when buying, it's unlikely this will work.Perhaps your best move is to find a new primary residence that is 2-4 units and repeat the process.

While they aren't the cheapest when you first buy them, Kwikset has locks that are easy to rekey without installing a new set of locks.