bc I think regardless of what city you live in you will have start outside in rural places and work your way in.

If the home does not have any existing liens outside of the mortgage that is being replaced, I don't see why owner occupants would be unable to buy.

My market is a little bit outside of yours so I connected you with the 3 most knowledgeable guys I know in that market.

Outside of your personal circle, you should build a network of lenders, contractors, Realtors, and other investors in your market who you can connect with when its time to pull the trigger on a deal.Best of luck to you moving forward!

Otherwise, you could look into non-conventional loan options (outside of Fannie/Freddie) that allow for less than 20%, such as local credit unions.As for your numbers, you're missing a few important components; the big items would be maintenance, CapEx, and utilities (water/sewer/trash) for a 4-plex.

I should clarify that it is an out of state property/land so I will be reaching out to the city council as an outsider but I am hoping by stating the creating affordable housing scenario that they would be more inclined to at least hear me out.

I'm not exactly the most sophisticated of investors outside my narrow niche.

I love to hear more about it since it is about an hour outside of Atlanta.

I live fifteen outside of AC, and my family books Airbnb for Thanksgiving weekend to all get together and cook without cleaning.  

This area is just outside of a neighborhood that has seen explosive growth and development is already starting to happen.Step 1 - UnderwritingI am a huge fan of Adventures in CRE and am using their value add apartment model.