I'm looking for an apartment complex in GA (North or all around Atlanta). 

Either way, the guaranty would be considered very weak by future buyers regardless of whether or not the lease guarantees one location or all 50+ locations being operated by the franchisee. 

It my be worth diversifying into the commercial space to offset some or all of the earnings from your student rentals. 

And as for lenders not lending on low value properties, you can wrap several or all up in one and get a blanket loan.So how much did he buy these properties for? 

I explain that I get a new lease because the old ones are usually inadequate in various ways.

The top 3 resources that I'd want before buying a 20 unit ...1) A property manager who I trust and with whom I've worked with in the past2) An evaluation of the market from an experienced analyst using local knowledge (perhaps from the property manager)3) A source of money, whether it be you, a bank, an investor, or all three.Attorneys, accountants, brokers -- all are important, but they come later in the process.

Using the cash to purchase undervalued property that you can fix up and increase the value, allows you to then cash out, so you can recoup most or all of your costs.

If you only want to pay interest and origination fees for the debt portion, then you would need to bring a part or all of the equity.  

Hey, previously I’ve had a property managers or all my single family homes, but I’m converting my first to self managed, and this property is out of town.

About 10% of the time there is something major for which we keep most of the deposit or all of it.How did it work out?