The lower building costs and more relaxed development regulations definitely seem like attractive reasons to keep investing, especially with the need for housing growing as people continue moving in.

If you find a deal you can always make an offer contingent on selling your existing properties.

thank youFannin county does not have that regulation that Union county has.

If the tenants are in a month to month lease and the landlord prefers it then you don't have to do anything as the lease should renew on a monthly basis, but it really depends upon the existing lease. 

It does seem competitively priced for the area.If anyone has insights into how the existing HELOC might impact the mortgage assumption or tips for negotiating on a deal like this, I’d greatly appreciate it.

@Jahid M.Starting a rental business involves researching local regulations, using platforms like Airbnb and VRBO for short-term rentals, targeting mid-term rentals like traveling nurses or business professionals, and considering Section 8 tenants for stable income.

., Mexico, Costa Rica) for diverse, stable cash flow.Invest in Multi-Family Value-Adds: Consider multi-family properties in growth areas like Texas or Florida where rehab can increase rental income and appreciation.Leverage Trusted International Partners: For global investments, work with local agents familiar with foreign buyer regulations to streamline acquisitions.Use Property Management for Scalability: As you grow, property managers can handle logistics, especially for out-of-state or international assets, so you can focus on new opportunities.For specific market insights or connections, feel free to reach out, I’d be happy to help.Best,Drago

So it seems like the best case for financing is to be able to convert and existing rental to a padsplit after financing is already in place.

Currently a majority of the existing mixed use buildings have the commercial space shuttered with the owners just biding their time until the real estate prices make sense for them to rent out or sell - or they are just asking way too much in rents for any businesses to survive for very long.

I know I need to learn all local regulations, why the property is available, if the current tenants have leases, all of the financial analyses (Let me know if any of you have come across something I might not know), section 8, available grants, and possibilities to finance the deal if the numbers work.