I am trying to decide between using the 203k loan which I know limits my options or if I should use a combination of private money and a HELOC that I am applying for as we speak.

However, I was speaking with an attorney and he said that a simple single member LLC offers almost no asset protection at all, that if someone decides to sue much LLC it would be quite easy for them to go after my personal assets as well.

Extended vacancies, higher turnover, lower quality tenant pool, etc. 

I recommend speaking with a lender that can give you a solid answer of what you can afford, and what your monthly payment would look like after all said and done.

Not that i can attest to their quality on yet.

I was speaking with a multi-billion $ institutional investor's COO several weeks ago and they said when they went to Wall Street to raise money, every banker wanted to know how much of their portfolio was based in Atlanta...meaning, Wall Street knows that Atlanta is a very stable and quality location to own in and while return may be lower than other higher risk areas, it is a quality area and top of the bell curve in most return and risk respects. 

That would be a great commute, very manageable and good quality of life. 

I also realized that the management company had been doing slightly sub standard work, and a lot of the "repairs" were not of the quality I would prefer. 

Hi all, I remember listening to a biggerpockets podcast (the subject was wholesaling) where the guest mentioned a "blue book" that he had developed that was like a script for his employees to follow when speaking with a seller or buyer in regards to owner financing.

I am told local PM quality is a problem; but we decided to self manage so no personal experience there.