And then there are also  sewer scope fees, and if your inspector recommends other inspectors to do inspections on things like the plumbing system, the roof, the electrical system etc... those have to come out of your pocket also- if you're going to pay for them.Does your lender require a Phase 1 Enviro; How do you intend to pay for that? 

Once you're ready for the next purchase, you will have experience, solid systems, and the confidence to tackle a bigger project like a BRRRR.

Many multifamily projects face challenges, including rising interest rates, operational inefficiencies, and decreased valuations, which drive the growing need for alternative financing solutions.This environment presents a unique opportunity for mezzanine debt and preferred equity investors.

What’s unique about real estate is that given enough TIME even very bad investments end up profitable.  

Hi@Emily BeattyFirst thing check out the current zoning you can use Maps and GIS (Geographic Information System) Atlanta https://www.atlantaga.gov/government/departments/city-planni...see if it allows for high density if so then you should be able to add.

This is also assuming that you'd have other systems in place to help capture, pre-qualify, and convert the lead (i.e. website, call center, etc.).Hope this helps!

Something I would recommend for you is this website. https://www.areavibes.com/Use this rating and classification system I have created over time to get an idea of the "Class" for the area - A class B class & so onHere is my rating & classification for each livability score.80 and above A+78/79 A76/77 A-74/75 B+72/73 B70/71 B-68/69 C+66/67 C64/65 C-60/63 D59 and below F

Once you're set up in the system, rental payments are pretty timely. 

You need a property with unique features worthy of the investment, I.E attached garage or partial finished ____ so you're not starting from scratch.

There's also the issue about having an accounting system in place for the LLC and using the accounting system when you prepare your taxes.