It be feasible.

You may what to analyze the spread you are looking for and the feasibility of that spread in certain markets.

I'm educated as a civil engineer (Ga Tech) and have worked in the commercial construction industry for years in multiple roles; development, feasibility studies, governmental approvals and permitting, pre-construction and estimating, project management and superintendent work as well as handling all sustainable construction and LEED certification in house.I'm a voracious reader and am currently consuming "Building Wealth One House at a Time" by John Schaub.

I hear lots of people say there are no deals out there and that they can not find anything feasible in the Portland OR market.

I have heard of some Coast Guard families buying sf or condos at each location they are sent (where feasible) and then rent them out when they move on (with pm or without) ..

It will also likely allow for higher valuations, as 2 family homes are more valuable $/ft2 basis than 4 unit buildings.Once you determine what is feasible, you would have to look to see if your area can support the costs of new construction.  

If you're financing your own projects you may find it a little more economically feasible, but I would still try and keep your focus on the Atlanta market.

@Mike Taddy You should 100% confirm with the local ordinance's about the feasibility, but multifamily properties fairly frequently will dedicate a unit into a leasing office for that specific property.

This is feasible, but we would like to explore other possibilities.I am extremely interested to see what anyone has in mind for this deal.

Of those, it sounds like Panama City Beach may be the most feasible market.