We are still working on the final two rental property renovationsHouse 1: Purchased for $95K, we put about $50K into it, it's currently rented for $2500/monthHouse 2: Purchased for $95K, we put about $80K into it, it's currently rented for $3500/monthHouse 3: Almost ready; Purchased for $95K, ARV $300K, Rental estimate - $3500-4000/MonthHouse 4: Rehab phase: Purchased for $320K, ARV $550K, Rental Estimate - $6000/MonthLessons learned?

@Franck Armand, I'm not sure who informed you, but those respective markets are all well past the gentrification phase.

Focus on areas with low vacancy rates, strong rental appreciation and economic growth (check to see if businesses are coming or leaving and what unemployment looks like). during this phase you should decide what tenant profile you are going to target section 8 (or similar)?

Both companies expect to benefit from optimized capital allocation and simpler operations as they focus on their core strengths in the post-spinoff phase.

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? 

In the exploratory phase. 

I’m really early into the research phase but would be prepared to “pull the trigger” over the winter (eg purchasing a property to setup the tents) but ran into a bit of a “wall”.I’m pretty close to Blue Ridge and love the area so have considered a STR there for a while.  

A construction lender may be willing to take out your current loan and use the home as additional collateral for the construction reducing or maybe even eliminating any cash needed for the development phase.

Make sure you're realisitic and looking at pure NET profit after all expenses, including taxes...When I initially set these goals, I was still in the "bright-eyed, bushy tail" phase of envisioning my future REI portfolio.

It is not a one day process...just be ready to spend some time on this phase before you start construction/rehab on your future deals.Please share your building permit  experience in City of ATL  ..............................................