Expected gap funding return on this 2/1 scrape and expansion to 5/3 on a large lot in a very desired area in Atlanta is 30%+.  

If you have the time and desire to be a property manager and an owner, then the properties need to be closer.There are many places with good deals - we all run out of money before we run out of properties to buy.

I bring drive, passion, a great work ethic and a desire to transition to REI fulltime.I realize that starting out, I will be using a HML, so I do have a modest amount of capital of my own to help get me started.

@Christina Arango yes the web sites are a little less to be desired at times.

I've also got a contact who has a client with a similar situation and similar desires who is doing some research.

I don't have any desire to be one of these 100 transaction agents.

Between the crack down on gambling and the fact that I do not enjoy being in bars I have 42 rental units and absolutely no desire to ever own a bar.

Then hopefully their expectations will be in a realistic range from the get-go, and you could end up saving even more than 40% than their off-the-cuff desired amount! 

I would recommend finding a good real estate agent in Rochester to scour the listings for you to find properties.Most good PM companies in Rochester have a backlog of properties that their current clients have a desire to buy so you need to be able to search them out on your own in many cases.There are a number of active Rochester BP members so make sure to tag any future posts with Rochester, NY and you will get advice as you start to look at properties, etc.

The new tenants haven't moved in yet but they saw the apartment during an open house and ask to have to completely repaint it, not because it is awful but because the desire to have a nice refresh before moving for 2 years.