And depending how it goes down, maybe I counter there counter just for the fun of the sport, all depends.

I realize now that I should have supplied numbers initially- for numbers I am looking for $650k and under.

Atlanta MSA is great and growing, but Multi-Family supply coming on line there both now and through next year is significant, wouldn't this be a better/cheaper deal 1 year from now?

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

I keep hearing that costs of labor and supplies are rising (when aren't they?)

To create rental income that enables financial freedom, you need a location that meets specific criteria.Rents increase faster than inflation: Prices and rents are driven by the imbalance between demand and supply.

The money that you end up owing to repay the loan over the 5 year term is now post income tax money unlike how you traditionally are supplying your 401k with pre-tax money.  

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

The supply of rentals would be impacted, but the final impact will depend on the local market.