You can assume about 1% in closing costs in addition to commissions so you're starting around 7% before the seller gets any cash at closing. 

You may want to start with the BP agent finder for those markets and then work with them to find good PMs and lenders.

Hey everyone, I’m new to real estate wholesaling and looking to get started in Atlanta.

In other words, you get $1.6 million in commitments and call for 37.5% at closing and the rest when it’s time to start construction.  

You start with $30k income (or whatever your number is) before depreciation.A.

For your mortgage, a 30-year loan will give you lower monthly payments, which could be ideal while starting out.

Tough situation.Sounds like your mortgage forces your hand. 

So I start with the sponsor first.

What started off as primarily a second home with the possibility of short term leasing quickly flipped to a STR first and a second home when not rented because demand is so strong right now for STR's in this area. 

Seconding what @Max Wilhite said, Multi-Family is a great way to get started.