Looking to add some unique features as well, but some of the draws would be a hottub and stocked pond to fish from.

Knowing how much you still owe will help figure out the real cost of losing that low rate.Also, when it comes to borrowing the additional $170K, it’s key to know what kind of returns you’re expecting to make on that money.

Metro Atlanta, generally speaking, respective markets 30 to 45 minutes from the City, will be tight on cash flow unless you implement a creative investment strategy, such as short-term rentals, medium-term rentals, or rent-by-the-room properties, or allocate at least 30% to 35% towards your downpayment if you intend to hold the property as a long-term rental. 

Let me know if you need any more help—I’m happy to provide additional guidance! 

Purchase price: $645,000 Cash invested: $60,000 Two Unit property with lots of living space3000 sqftOne parking spotBrand new kitchen addedW/D in both unitsGood for Long term / Mid Term / Short Term What made you interested in investing in this type of deal?

@Naresh Yegireddi- This is above my pay grade but I was reading an article in the Wall Street Journal today about how the highest-earning 10% of Americans account for more than 50% of consumer spending. 

I found out pretty quick my skills from years of running LTR didn't translate to STR and had to learn a whole new set of skills (some of which I already had from a career working with the public).  

Quality over quantity may help.

York is only a little over an hour from me.

If you have specific questions about property management, I'll be happy to help!