If you are a ultra conservative investor, if you have surplus cash you have no use for, if parking surplus cash is your goal, if earning minimum return on your cash fits your investment plans, if you intend to sell as soon as they are paid off then these are all good reasons to force yourself to save money where you can not easily access a 15 year loan is for you.

Some will have dips of course but not as bad as some intown Atlanta areas.I have lived in GA all of my life but I am more of a suburbanite  so do not like to be in these ultra compact areas so my views might not be the norm.

I understand the architect aspect but I own my plans.. so I only buy them once.we are not building ultra customs .. although I have in Charleston were I spend 30 to 50k on architect because its what is required in the historic district but other than that 1500 to 2500 to buy stock plans.. pretty simple. 

You can also tweak your investment criteria in the exact way you want (for example, if you want to go ultra conservative and not have any debt, you can do that.

If your tenant is watching Netflix or YouTube in Ultra HD (which my fiance does only), it takes 25 Mbps.

We have had several ultra bad laws passed in the last few years (minimum wage laws, gun laws, business regulation of various sorts, etc), but they're limited in scope, and if they don't effect you personally it's easy for the overall situation to be pretty great still.

I'd go ultra conservative on your costs like repairs, CAPEX, and vacancy.

What I fear greatly is an ultra-conservative appraiser adding in a pile of expenses that don't exist, and sinking my plans. 

The rehab cost may be more, but like I said I'm trying to be ultra conservative with everything.

If the gap is within 30 days i'm ultra aggressive with discounts to fill it.