cost of doing the deal. 

What made you interested in investing in this type of deal?

Did it really make me an expert investor who does all these deals they were talking about?

In my experience one of my biggest lessons learned when dealing with older properties always expect more than you initially thought. 

It takes a long time to find an off market deal.

On the co-living - we do a lot of co-living / padsplit deals on our team and are very well versed when it comes to advising on the strategy in the Atlanta metro.

They will ALL try to up your rates, but you can usually mitigate the amount of the increase with a new 4-point and a call to your agent.If my carrier changes because my agent found a better deal, they typically want to come inspect. 

I’m also using a 6% vacancy rate, which brings the net monthly cash flow to about $200 and a CoC return of 13.06%.Summary:I’ve created around $50k in equity (difference between ARV of $200k and total investment of $155k).I’ve got about $10k or $18,385 left in the deal (factoring in closing costs).The cash flow is healthy, and the CoC return is strong, especially as a first-time investor.Questions:Does anything look off or could I improve the numbers?

They can sometimes hook you up with off-market deals and give you a good idea of the property’s ARV (After Repair Value), which is key to understanding your potential profit.

I've stayed within this niche moving forward which has helped me to focus and find deals easier due to my familiarity with the niche as a local investor.