With the rise of digital real estate, there are now many more options available that make it easier than ever before for potential tenants and landlords to find each other.

You're absolutely right—rising material and labor costs have made it much harder to accurately project future reserve needs for condominiums.

Sherman is more affordable but faces rising prices.

Rental income would be $12-14k per year, so your netting $1500-3500 the first year before lowering the interest cost over time and increased rent (rising at 8% per year).So for $0 out of pocket you get another unit, equity growth(over time), income that grows and you created a unit of housing that didn't exist before.

I don't know if this rises to that level, but it's something to consider, particularly if the tenant does sue. 

If so do you have concerns in today's rising rate environment? 

Quote from @Tim Casey: Hi there...you're definitely on the right track with your investment strategy.Selling your Atlanta property might be a smart move, especially considering your ARM and the potential for rising interest rates.

Crime has been rising a little and with my property having newer renovations and standing out a little more it’s caught some attention.

My wife is a mortgage broker and she is seeing a scary rise in condos that are becoming unwarrantable.

I was at a CCIM luncheon recently and some of my lender buddies and I were discussing that many of their banks are getting out of multi-family because of rising costs to manage the properties...including taxes and insurance.