I would have asked you what your long-term goal is but you have already thought about it.

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. 

Greg,What type of mentor are you looking for, in terms of where do you need the most help right now?

Long term, short-term, etc?

I’m finding a hard time finding comps for a long term rental.

I'm thinking long term rentals will be a good retirement plan.

Here were the results:Sales Growth: As you can see, Raleigh and Durham are VERY different in terms of Existing Home Sale Counts YoY.

I would find a loan officer that does both conventional and FHA renovation loans to compare which has better rates and terms for your situation.

Long term $ can range from 6's-10% range depending on all types of factors - LTV, location, unit count, debt coverage, borrower strength, full doc or lite doc programs, etc..

My lease requires professional carpet cleaning, which would cost more than $500 for a home of that size.Yes, it's reasonable to reduce the cost because she was such a long-term tenant.