However, after letting everyone know I’m in the real estate business a buddy of mine reached out looking to sell a condominium he has in south Atlanta.

Mortgage rates have actually increased over the past month despite the fed dropping rates because of more positive economic outlook and numbers.  

You really want to get a feel for what a realistic income potential is before you make a move.If all of that checks out, look at your monthly expenses.  

I don't say this to discourage you at all, more so to encourage and give you a realistic outlook.

The only apprehension was whether or not the majority of short-term and long-term renters would be comfortable with it since not all may share the same views/outlook.

Again, it's on only one of my units so my outlook might be different if I specialized in an area of lower rents and had many units like this. 

Assuming the property location has a positive long-term outlook and buy and hold fits with your long-term goals.

Joseph Bilodeau from Suntrust Bank (Salisbury, NC Branch)Chris Jolly from Jolly Realty (Kings Mountain, NC)Jonathan Dyer from Outlook Home Inspection (Kings Mountain, NC)All great assets and very patient with a new investor.

You also need to think about the long-term outlook of the neighborhood and the direction it is heading.

For capital gains, you have to hold it a while, at least a year, and rented out. Look