Padsplit is in the Jacksonville area and they told me they would guide me through the process on where/what property to acquire.  

I am against being too leveraged and moving to acquire properties too quickly, but we are talking about your primary residence.  

Looking to build a team that can help acquire my first small multifamily! 

We sold 2 properties and did a 1031 exchange and used a combination of hard money and private financing to acquire the building.

The rental property was acquired with $35K down at $350K, with 22 years left on the mortgage.

What exactly is a hard money loan and how is it acquired?  

In other words, if I can acquire a prime freeway access property (190k daily traffic count) and build for less than acquiring a facility ($25 to $28sqft), with competition all over my 3 to 5 mile radius, although there are multiple new housing developments and apartments going up ->-> would you even consider it?

@Demitri Blanco, like most markets, sourcing and acquiring a cash-flow or break-even turnkey LTR or small multifamily property in metro Atlanta will be tricky unless you intend to put down 30%—40%.

I own 1 and I'm about to acquire my 2nd. 

Raw land is often going to be someone who had excess capital to acquire the land and then at some point determined the taxes were worth more than the resale potential.