I have a $2M building I bought for $935k, 3.5% down. 

The goal is to slowly build a real estate portfolio and get to a point that I can eventually sale my business. 

What a great start to building wealth!

overbuilt. just google Austin and over delivered or overbuilt and you'll find your answer. strong market, expensive land, expensive to build. 

The situation allows for an excellent opportunity to work with a property manager and build trust.I am looking to gradually build and scale my real estate portfolio in Atlanta by purchasing one property each year.

That is a great nest egg to build upon, and it diversifies your wealth.

They are for long term wealth building and the goal has to be to get them Paid off as quickly as possible you then will start to see real cash flow.. a stable of max leverage rentals anywhere is not going to move the needle on income to you in the first five years.

Even if it's a new build, with 4 units, you're going to have lots of repairs.

For path #2, you mean purchase & renovate a 3-5 unit building right?

Stairs are the only way to get in, no grab rails in the bathroom, ramps that are too steep, etc.From what I've read, all commercial businesses/buildings (including ones before the ADA was passed) have to comply with the rules, unless it would be outrageously tough to fix (like installing an elevator in an already built building).Are all these local business just not complying and taking the risk, or am I missing something?