Have any tips or pitfalls to share?

Are there any requirements, loopholes, or pitfalls that we should expect?

Not a good situation.Let's put all that aside for a moment, though, and assume you can avoid all those pitfalls.

Ideally, I'd like my first few projects to be local to me in Atlanta/West GA/NW GA market as I get my footing but am flexible for the right deal (out of state or more south/east of Atlanta which I know investors are loving right now).If you are an experienced investor currently cash flowing 500k+ annually I'd love to hear your thoughts on my goals, pitfalls to avoid, strategies to employ etc. 

If you choose to use this technique these are some of the Pitfalls to watch out for.Subject To Pitfalls1.

There are usually a lot of pitfalls inside those documents like the inability to pay it off...even with a penalty.

I am taking it all in and looking forward to implementing ideas and watching out for and avoiding pitfalls in my journey.

I live out of state.Also, I've heard about the pitfalls of renting as three separate rooms.  

Your insights, advice, and experiences are invaluable and we'd be grateful for any guidance you can offer.Specifically, we're interested in:Understanding local market dynamics in Pinellas and Hillsborough counties.Strategies for evaluating duplex properties for their investment potential.Effective property management strategies.Fostering positive tenant relations.Avoiding common pitfalls and mistakes of investing in this area.Engaging in potential business deals.Networking opportunities.We invite your insights and hope to ignite discussions that could lead to mutual growth and potential collaborations.

By discussing the obstacles we've faced, we can help new investors be more aware of potential pitfalls and navigate their investment journey with a bit more foresight.