I meant I have heard east cobb is the desirable area but since 30064 is within the city limit,  I wanted to check if it's a good/decent area to buy a new townhome in 400k range.

The majority of US homeowners (purchased or owned before 2023) have very low mortgage rates in the 3%+/- range.

In my local market, I can still find cash flowing properties in that price range, approx. 100-200 per SFH.

Like the previous monthly reports, the market typically reacts to numbers in comparison to estimates.Producer Price Index (PPI)The Producer Price Index (PPI) report is similar to CPI; however, it tracks costs (and inflation) for producers, such as product manufacturers or service suppliers.

I think my range will be somewhere around 300k. 

Hi Ashni, you'll be able to get something in the $400,000-$450,000 range with that size of a downpayment.

I've been going through "The Multifamily Millionaire:  Volume 2" and in Chapter 13, they talk about property management ranging from 4-6%, on top of on site management that is on the owner's payroll, separate from property management, and that you should budget about 1 staff member for every 40 units.If you (the owner) are already paying a property management firm, why do you have to have on-site management separate from the PM? 

I've been using the general "50% of EGI" rule to analyze properties but I am curious what a "true" range is.

Keeping your payment in the range of rents (allowing for expenses a homeowner will pay and a tenant doesn't) tends to keep owner-occupants on track.Your attorney or an attorney-owned title company can create the docs and manage the closing.

Nobody renting in February, so if it is vacant then, you get to wait probably until August, as that immediate area and price range probably doesn't draw other tenants for the most part.JRB Carswell/River Oaks area, completely different type of area and clientele.