I have friends in Alabama who are brokers and investors and they tell me it's a no brainer to get your license for the access and real-time info it gives you... but just want to cover the bases for Georgia in case it's different over here.

Adding mass to the walls works wonders—attach Mass Loaded Vinyl (MLV) to the shared wall, then cover it with a layer of 5/8” drywall using Green Glue soundproofing compound for extra noise-blocking power.

At $2450, it will cover those expenses.

If the insulation is in decent shape and not covered by combustible insulation, and not terribly overloaded, it might last many more years.

So, your focus may need to pivot from high rental cash flow to little to no cash flow as a rental with an appreciation upside.I would recommend taking your $150K to $200K and securing a solid equity position in something that will cover its expenses and maybe provide a small cash flow, but then is poised to appreciate nicely over the course of the next several years. 

Hey Sean, Thanks so much every day is a day closer to it happening while covering the investment as much as i can. 

I hired a GC to do it so they covered the entire scope of work. project was supposed to take 1-1.5 months but ended up taking closer to 2.5 months.

There will always be people with money who want a second home in Colorado who are fine as long as their mortgage is covered.

For a long-term rental, would a small multifamily in Raleigh be necessary to break even and cover the mortgage compared to a SFH?

The most important thing is to ensure your loan is covered in the event of a loss.