Oh and appliances are stainless and one up from builder grade..

Since we'd incur 50% of the cost even for unfinished space (grading, permits, foundation, framing, siding, roof, etc), I can't imagine we ignore that cost.

My opinion is that anything under $50k is a junker but to others they might love the cheaper homes and occasionally have a good experience.Even grading homes like stating A,BCD,F neighborhoods is also personal opinion.I dont know how Georgia laws are but here in order to rent homes out the leasing agents need to be licensed agents and the management company has to be under a broker.

/lot (22.52.100, 22.52.250)Maximum Height Limit:35 feet from existing or excavated grade (22.20.110) (unless modified by a special standards district such as a community standards district.)Minimum Required Parking:2 covered parking spaces per single family residence (22.52.1180)Standard Yard Requirements:Front Yard: 20 feet (22.20.120), except as provided in special Standards DistrictRear Yard: 15 feet or 20% of average depth of shallow lot, but not less than 10 feet (22.20.120 and 22.48.110)Side Yards: Interior Lot: 5 feet or 10% of average width of narrow lot, but not less than 3 feet (22.20.120 and 22.48.100)Corner Lot: 5 feet except on reversed corner lot, which is 10 feet (22.20.120)Development Standards:(See 22.20.105 regarding development standards for single-family residences)

If you get the -right house (floor plan, quality of kitchen-bathrooms, age of systems - roof etc), -attitude of the seller-landlord, etc(is the seller open to help a tber buy the property, being patient over 2 - 3 years), -right neighborhood (services, low crime, great schools, etc), All these factors create a GRADE A Product.

I will get pictures when I get back in town.The cabinets are from rtacabinetstore.com Construction is OK....nothing exciting. 1/2" plywood boxes but its very low grade plywood.

In order to hit these numbers, even in "cheap" markets like my own, Kansas City, it requires that you take C- grade properties.I mostly work with out of state investors, whom for the most part are willing to compromise for some appreciation in the long term with a smaller cap rate up front, typically a 1.5% rule.

From all the research I've done, it seams that the top three are as follows:Cast IronPorcelain over SteelAcrylicFor my situation, I'm renovating in a C grade neighborhood in an older home. 

I have to answer your question in a slightly different way, as in the case of Triple Net leases different rules apply.The best financing (CTL financing) is available if you have an Investment Grade Tenant such as Walgreens and a remaining lease term of at least 10 years plus.CTL financing is negotiable at 100% plus, but you need to know the "language" and the rules of the game.There is no school where you can learn the game, and the insiders typically do not share their knowledge.So CTL financing is determined by the creditworthiness of the tenant and the strength of the lease; not by the appraised value of the building.With Non-Investment grade tenants you (only) have access to regular sources of financing, and the normal rules apply.Hope this helps.Louis Bergman

They are hands-off, institutional grade real estate investments, and they allow you the option to diversify.