The HOA doesn't keep up the exteriors like they should, and selling units is difficult. 

@Shayne Mahoney Hi Shayne, it's gotten increasingly more difficult in recent years but it is still possible.

Also getting more than one of these loans at a time is difficult with few exceptions.Your advice does not make sense to someone who like me already has an FHA loan, is not a veterean, and has no desire to owner occupy.

Also, it is difficult to find a decent road with a low amount of boarded-up houses, so I think I will shy away from that area until I get a partner with some experience.Mcdonough and Kennesaw are two areas I haven't really looked but being from Atlanta I can see exactly what you mean.

And I definitely figured it would be difficult since I don’t have much experience but i definitely have money to contribute.

The only comment I have for you at this time is that it may be difficult to impossible to get a HELOC on a free and clear property in the name of the LLC.

The PM may take the % of that month as their 'collected rent' fee as per their contract, but the balance belongs to the owner. 

This made it very difficult to find decent financing.

It’ll be difficult to get a lender to approve you otherwise

I just completed the most difficult refi of my investing life.