If you are looking strictly cash flow and have a solid team set up in that location then it could be a great strategy!

Thanks for the responses, before I  respond, I cant seem to locate my thread via the main menu of the Forum I have to go to the MY DISCUSSIONS section and I never saw it in the new posts section.

For the thermostat there is a temperature minimum in winter in most locations.

So if we can rent the other side out for around the same once we rehab it, we will fit the 1% rule and is in a great location for the long term.   

Basically, it's as if she and you are both starting at the beginning of your RE journeys, to find out whether she/you would be better off investing for appreciation (eg. buying property that should be ALREADY worth more than you pay for it, AND it's due to keep going up in value too, but, won't generate much net cash flow), or, buying for cash flow (in areas where appreciation has not happened historically, but are still golden egg locations for double digit net rent returns). 

I locate off market property but do not typically list it.

Now I am really hesitant to close this deal...Deal summaryLocation: Norcross, GAPurchase Price: $218kUsing conventional loan - 4.375%, 20% downpaymentmarket rent $1600-1650brand new (less than 4 years old) townhome, end unit, in a very favorable locationThis community/area has gone up $60k in the last 3 years and I thought there was some room for more growth given the market condition + desirable location. 15 year old houses are trading around the same price in the area, which gave me a little more confidence that this property could gain value in the next few years.

Depending on the location you can rent the rest of the units to long term and short term tenants.

I was born and raised here and know a lot about the locations your inquiring about.

Account Closed Not so much to reply to your asinine assertions, but rather to provide reference to anyone who might believe your posts (this is Florida law, where you are apparently located):http://www.leg.state.fl.us/Statutes/index.cfm?