The townhouse is located near by Kennesaw State University, in a nice and safe neighborhood, not too far from downtown (about 30-45mins), with easy access to I75 (huge deal for Atlanta, especially if you work in downtown). 

If PM me your name and number, I can introduce the two of you - he's asweome.If tiny houses are on your radar, you might find the neighborhoods around South Congress or even up in Pflugerville more accommodating.

They can also be available in existing neighborhoods in infill lots. 

I think they're probably any organization out there buying deals today.SInce you are east coast based, have you seen any of their NC deals? 

Selling (1031 exchanging) our high equity family owned properties is the best (really only) option that we have for funding our share of new purchases right now and with each new purchase, we are buying nicer and usually larger units in better neighborhoods so I'm trying to improve the quality of our family owned holdings in addition to growing a new business with our new partner.

Also hit up the yard sales in higher-end neighborhoods.

Very nice neighborhood

Our first of hopefully many.The cash flow when occupied will be in the neighborhood of $3500 to 4K with an 85% occupancy.How would you structure the payout?

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

To prepare:Line Up a Cost Segregation Specialist: Reach out to a reputable firm now so they can review your property soon after purchase.Document Pre-Purchase Costs: Any fees or improvements related to acquisition should be organized for easier allocation.Tax Strategy Planning: Consult your CPA to align this with your overall real estate strategy and optimize benefits for 2025.This post does not create a CPA-Client relationship.