So, the actual increase to market rent will be much lower.

Not to mention staff, I’d check on the number required to stay up to ratio throughout the day, night ratio is likely lower than day ratio.

It will give you a lower interest rate on both properties because you bought them as owner occupants, and it will require less down payment to get into. 

I understand that the interest on this HELOC should be tax-deductible, and I have documentation to support the transaction.

Quote from @Melanie Baldridge: Why I like investing in real estate more than 401(k)s.Both offer tax deferrals, but here's the difference:If you're making pre-tax contributions to your 401(k), then withdrawals = ordinary income tax.With real estate gains, you're paying capital gains tax (which is typically lower).Plus, RE investors get:1.

Diversification into multifamily also lowers risk compared to a single rental, as vacancies won’t affect your income as drastically.3.

You will hear about west side vs east side, while what is told is true, what is not mentioned is lower class areas are block by block. 

Would that lower our tax liability from other income we receive or no because this is purely RE and not an operating business?

., Smyrna, Decatur, Marietta), new construction or turnkey rentals for lower maintenance, or small multifamily properties for stability.

Hi Daniel, Columbus GA has properties much lower in price than the metro Atlanta area, you should do fine to learn your local market.