For STR a house is usually better.  

Atlanta has a high entry point and the antiquated houses that will make for those great investments with the 150K+ deal spreads are largely controlled by the wholesalers. 

My main concern would be vacancy rate, since I know there is still a good amount of vacant houses in some areas. 

A SFR was built in 1947 and required renovation.The 2nd parcel, which is right next to it, is an vacant land, no address associated to it.My initial thoughts are:1.Purchase this property and rent the house after minimum required updates 2.

This house was roughly 2500 sqft, but needed a little change in layout.

My main questions would be: how long does the entire process take from applying to actually having possible tenants to start picking from, and how do they determine exact amount for rent (the amounts listed on the housing authority site seem way higher than market rent, I’m wondering if I will actually get those numbers or not)any other general tips or advice is also appreciated!

One of the most valuable strategies for flipping houses is using OPM (Other People's Money).

Hi BP family,This is my first time dealing with this issue and it was a good lesson to learn how important to buy house insurance. 

Fix up the house and sell it and put the equity gains into a multifamily house.  

i do think it's still possible for the small investor to 'invest' in CA by house hacking.