Currently we would be at 8.5% interest rate.  

As I'm sure you're well aware, the small multifamily space in metro ATL is competitive despite current interest rates. 

But if your goal is to cashflow positive from the Day 1, you may find it very challenging due to current day interest rates, high cost of construction and the fact you won't have the efficiencies of a seasoned developer building at scale.

I am currently based in Canada and am looking to embark on my real estate investment journey in the United States, specifically focusing on multifamily properties. 

My answer, yes I currently am buying a $165,000 property in Phoenix (not listed on the MLS) using one of my methods to find, using only $5,871 plus closing costs of my money.

Even at that price point, you may struggle to find a tenant, potentially leaving the property vacant for months.Here’s an example of a deal I’m currently working on:Purchase Price: $215,000Rehab Costs: ~$250,000ARV: ~$615,000Potential Rent: $3,600/monthUsing a $615,000 ARV and 75% LTV on the cash out refinance, with taxes and insurance, my monthly payment would be $4,267 using an 8.5% rate.

Are you currently managing your own properties or do you have a property manager because many times a property manager can perform the work needed for it to be turnkey.

@Ricky RigsbeeWe use Michael's analyzer currently (along with other tools) and find it very useful.

Hello Everybody,I am currently a real estate agent in Boston, MA.

You would need to bring everything up to code currently and that's going to be cost prohibitive.