Thanks for the welcome guys,My understanding of the Temple area is that Scott & White medical center and the VA hospital are two major employers in the area.

I rent the apartment per room basis (majority graduate/post doc students). 

You also should factor in Capital Expenditures (Cap Ex) for the replacement of major systems.

Also factor in grounds maintenance, which depending on your area may include snow removal and/or lawn care and landscaping (this can run a few hundred dollars a month depending on the size of the property).I always ask sellers for their P&L statements for the last 2 years which should show any major repairs and expenses.Regarding financing I think you nailed it and should look for more traditional financing elsewhere assuming you qualify.

@Sunshine Chow@Joe Homs Hit just about every question you could want to see.When someone makes a post similar to yours I put these questions out there.After finding an HML that will lend where your prospect house is (most will only lend in major metro areas or have steeper rates if they do lend outside metro areas), I would ask these questions:What is your investor success rate?

Atlanta has become a major logistics hub - largest airport, UPS HQ, huge FedEx presence, Delta HQ. 

How can I go bigger without being out of my league?

Downtown is going through a major gentrification.

With the high demand for home inspector professionals, it has become a major hurdle to schedule one in short time spans. 

The majority of duplexes in the area for sale currently are right around the 190-220,000 range.