Additionally, you can still find properties for 120-180k that will positive cash flow and hit the 1% rule.

For this I’ve taken the payment amount of the second loan and included it as an additional monthly expense.

My goal is to leverage that equity for additional income.

Maintenance/cap ex, insurance, if a rental PM, bookkeeping, misc.The fact you have a loan means 1) leverage 2) equity pay down.In addition, there are tax benefits.So I will do some rough underwriting as an OO non-rental at 95% LTV (because FHA has some undesired consequences that make the 1.5% difference in LTV worth avoiding the FHA).equity paydown: 20% (using OP interest rate at 95% LTV and not counting closing costs). 

Even towns of less than 10k, as long as it is in a "good part" of town and there is somewhat stable growth in that area, then most lenders will not add any additional underwriting guidelines, especially if it is rented out.I always like to do the Walmart check (kind of what you recommended being by a store).

For short term rental booking that is cancelled early, the guest is to leave on the day of cancellation and the host will not get paid for any additional nights.

These are professionals with additional training and a stricter code of ethics.

Its exponential.I uploaded 20 watercolors my 7 year old grandchild did and asked Claude to link them together in a childrens story. 500 words.I had to write a stern letter to an Order of Nuns and wanted all of the protocol to be respectful and perfect.My client asked for a memo on the additional filing and compliance requirements he would have when he got to more than 100 employees.

This is an additional step that would not be present for developing a lot where you are adding value.  

In addition to Wishing Well Hills, Decatur, Brookwood, and Smyrna/Marietta, you might also look into Powder Springs, Austell, and parts of Douglasville, as they offer more affordable options with solid rental markets.