I'm in preliminary stages of research so I drew those numbers from comps I found online and my sister-in-law's experience of recently living two blocks away.Allowing for a 10% vacancy rate, I conclude that the overall gross monthly income is $4815.  

Preliminary title reports showing adjacent properties in NOD/foreclosure status.That's about all you can do, I think.

Hey Guys,My name is Ralph White.I'm in Atlanta too in the Sandy Springs area.I'm really trying to move on a deal that just kind of fell in my lap.Currently renting the townhome I live in and today, the property manager says the owner wants to sell and I could have first dibs.These homes go for around $229K and she is willing to sell for $165K.He's going back to her with a preliminary offer I gave (a sort of Owner Fi type deal), but I still need about 10% down.Since this is so sudden I don't have that available, but don't want to miss this opportunity.The plan is to acquire it now, well below market value.  

To date, I've reached out to the following after doing some preliminary research via HomeAdvisor:DP WeberMoses ConstructionTexas RGGreater Austin Residential Services CompanyA+ Home SolutionsPlease let me know if you have any recommendations or have worked with any of the above.Thanks,Chirag

I have done some preliminary research but trying to get some practical info from actual landlords.Thank you,Kwame 

Accelerated debt payoff makes more logical sense...I would be willing to wager that your one property paid off entirely will cash flow more than your next 4-properties you assign debt to...being successful as an investor has nothing to do with the number of units you own.It's difficult when places like Bigger Pockets push the "BRRRR" technique to gain popularity points, but never cover the other side of the story.

I took a preliminary look at and seems to be a sellers market there with low inventory.

I was able to find a lender that would fund it as we did preliminary underwriting, and I had to pay the point up front to  get them on board regardless of if I got the deal or not.  

(A recorded trustee's deed (or similar alternative) confirming the amount paid by the grantee to trustee may be substituted for a settlement statement if a settlement statement was not provided to the purchaser at time of sale.)The preliminary title search or report must confirm that there are no existing liens on the subject property.The sources of funds for the purchase transaction are documented (such as bank statements, personal loan documents, or a HELOC on another property).If the source of funds used to acquire the property was an unsecured loan or a loan secured by an asset other than the subject property (such as a HELOC secured by another property), the settlement statement for the refinance transaction must reflect that all cash-out proceeds be used to pay off or pay down, as applicable, the loan used to purchase the property.

You will be the one checking the area out and whatever PRELIMINARY comp information you can find before wasting his time.