Can't really tell if your 120k budget is accurate, but let's just say you do a new build, I think it would still be feasible.

And with those numbers above, sounds like if it's feasible financially, better to get a 2 bedroom?

I'd love to house hack, until then, I'll probably rent, unless of course it's feasible to buy a house after just 6 months or so of work.  

Yes, I am comparing someone who had 50k in their own funds in lot inventory (or some other product)as compared to buying a 50k property in cash getting 800-1000 in rent...Yes you are right, one would be severely more work intensive but would likely net youUpwards of 20% return monthly;and justifiably so..I guess it comes down to if u want to put in 20 hours week or 5...J Scott, I don't wanna go midtown as crime and copper theft, etc, lithoniaor along hwy 20 seems more feasible, even Conyers.I don't want a crack house lol

Its all feasible.  

As for financing options, a conventional loan with 20-25% down seems to be the most feasible.

I rather hire a skilled GC like Aaron to cut out the headache but it is not feasible 50% or more of the time to make the deals work, I cannot afford the overhead. 

My state's market is not feasible (CA) to enter so all investments would be made across the country. 

If someone were to keep bringing them bad deals they would lose money, by charging you this fee it holds you accountable for bringing them a feasible project.

My ultimate goal is to keep it as a rental property as long as that is feasible.