I didn't do the math for the delta you are looking for but if you want it 72 degrees inside and it is 95 out there, that is only 23 degrees so it should be doable, if you have enough cooling.There is so much more that goes into this.

Investing with a HELOC is doable, but may not be advisable.

Cash on cash yield targets up to 10% w/all in high teens to 20% IRRs over the hold period still quite doable with the most experienced operators in the right market w/the right deal.

It is doable,there are worse states.

Jeff Wallenius thanks for the response. 15% cash on cash seems very doable.

It's not really that hard and the timelines are def doable... but does require some planning.

Is this doable in the Atlanta market?

I feel like it's doable but anyone have experience juggling the two?

Current landlord just does not do it.I will share the numbers with those interested via PM; however,Initial numbers provided:$125k gross rent  --  about a 1.8% ratio$57k annual expenses they do not factor vacancy Also, seems to be an assumable loan for part of the sales amount (but this is what locks it into the state program)- some things are missing here but also some items seem very high and potentially not managed $20k Maint (16%) --  not including grounds, plowing etc....near $6,500 water/sewer, and nearly $10k in heating (each unit stands on its own and has there own heat but the state program I believe is to include heat).Long way to go to determine how doable this potential deal is but before I spend a lot of time wanted to first get a comfort zone or partner idea with subsidized housing.Appreciate your comments and I expect some will be "don't walk, run", others may have ideas on how to make this a success --  bernie

FYI handling the mortgage of the condo during the rehab would be a strain but I think is doable with the combined income of my fiance and I.