The situation allows for an excellent opportunity to work with a property manager and build trust.I am looking to gradually build and scale my real estate portfolio in Atlanta by purchasing one property each year.

Or, should I focus on just holding these forever type deal and build a cashflow monster? 

I am trying to tabulate Business that may have higher depreciation but yet help me build wealth in form of real estate or potential customers for variety of services. 

All will tell you they do this to build their business.This is what I do when I attend a REI club: Go early.

I’ve got a few rental properties under my belt and am now diving into value-add multifamily projects to grow my portfolio.My focus is simple: build wealth, create opportunities, and enjoy the process along the way.

Cash flow depends on the down payment, but using a HELOC could keep your cash reserves intact while you get started.Make sure to build a reliable team (property managers, agents, etc.) to help you manage the property while working full-time. 

Too many low income apartment buildings near by / vacant buildings. 

The key is picking the right neighborhood—some areas appreciate well and attract great tenants, while others may have higher cash flow but come with management challenges.I work with out-of-state investors and can help you analyze deals, connect you with the right property managers, and build a solid investment strategy here.

I has two GREAT property managers that immediately come to mind, one handling 5 high end high rise condos I owned in Phoenix and the other one handling a 12 unit very lower end apartment building I owned in Arlington, Texas.  

A standard "business owner's policy" is fine -- it covers the building, commercial general liability, and ideally, loss of rent.