Atlanta is a large, diverse city. 

Check out all the events in Kansas City here on BP and on Meetup.com you will find a lot of investors to connect with . . . . 

I live in Del Rey, California near marina Del Rey and Culver City

These are on different roads in the same city.

My goal is to buy a single-family home in the near future and rent it out.After debating between a few cities, I think I have settled on Jacksonville.

I tried to include all the pertinent information below:Rental Income: $13,200Rent: Currently has a tenant on one side at $550 per month without a lease – I’ve made it a condition of the sale that the tenant has either signed a new lease with my property management company or delivers that side vacant; other side is not rented out due to required rent ready repairs; rental comps in the area show between $550-600 (I’m being conservative and assuming $550).Expenses:Vacancy: 10% ($1,320)Property Management: 10% of gross rents ($1,188)Property Taxes: $2,065 ($905 for City of Memphis, $1,160 for Shelby County)Property Insurance: $450 per year Repairs and Maintenance Assumption: 2% of Property Value per year ($980 per year)Utilities: separately metered; all paid by tenant except for lawn mowing at $25 once a month for $300Advertising: 6% (roughly ½ of first month’s rent) $792 per yearDebt Service: Based on $49k purchase + repair price, 20% ($9.8k) down, 5% 30 year fixed is $2,525 per yearLocation:This is probably where most of my concern is coming from: Western edge of Hickory Hill, Memphis, 38115; major cross streets: just SW of Clarke Rd and Winchester RdAcquisition:Purchase Price: $42k, seller to pay closing costsRepairs: $7.5kTotal Acquisition Cost: $49.5kARV: Large range of comps in the area, best guess is $60kFinancial Metrics:Net Operating Income: $6,105Cap Rate: 12.33%Cash Flow: $3,580 per year, $298.33 per month, $149.17 per unit per monthCash-on-Cash Return: 36.5%Do you think it's a good deal?

Only because Philadelphia is such a "Block by block" city that some "war zones" share the same zip code as A-B rated areas (Example: 19104 Is the Mantua section of West Philadelphia, but is also home to Drexel, and UPenn (Also known as University City)

The way I understand it, under LA city rent control notice to vacate can be given to an existing tenant to move out only if the owner (or related family member) intends to occupy the unit.  

Rent in Oakland out of all cities match parts of SF.

Hey Charlie-I'm in the same boat- 2nd year student though.There are a few of Charlottesville investors on Bigger Pockets (not nearly as many as a real city, but a few).I'd recommend reaching out to Jim Klapmust, or going to the Charlottesville local real estate meetup.