I would strongly consider building equity to make a stronger down payment and further decrease your monthly cost. 

Too many low income apartment buildings near by / vacant buildings. 

Encore is within Reunion, there are a few different communities inside and all have different rules.

Even if it's a new build, with 4 units, you're going to have lots of repairs.

A developer had already worked out deals with the owners of the other 5 buildings and finally got the 6th and final building under contract. 

I am trying to tabulate Business that may have higher depreciation but yet help me build wealth in form of real estate or potential customers for variety of services. 

The situation allows for an excellent opportunity to work with a property manager and build trust.I am looking to gradually build and scale my real estate portfolio in Atlanta by purchasing one property each year.

I has two GREAT property managers that immediately come to mind, one handling 5 high end high rise condos I owned in Phoenix and the other one handling a 12 unit very lower end apartment building I owned in Arlington, Texas.  

I’ve got a few rental properties under my belt and am now diving into value-add multifamily projects to grow my portfolio.My focus is simple: build wealth, create opportunities, and enjoy the process along the way.

Since you’re considering converting the upper unit into a short-term rental, you may also want to implement strict rules around smoking or strong odors in your house rules to avoid future issues.