Other areas are Decatur 30032 is a good area that is on the rise.

Plus there's also the consideration if this is an area that has the potential to appreciate?

I'm wondering if some flippers are dumping off inventory due to interest rates rising and/or fears of the future market?

The new mid and high rise apartments coming on line are offering huge discounts and freebies to get those units filled. 

(Low interest rates with very real threat of rising).

I would be hesitant to pull a HELOC and payoff your student loan considering that PRIME rate is going to rise another .75% in 2017, more than likely.You may ask why redo your first mortgage with that rate you have.

Over the last 3 years we have see our property values rise significantly, vandalism decline, tenants stay longer and the rents have increased.

Now the cashflow doesn’t take into consideration repairs and replacing things over a period of time.

There are some expenses like one time renovations or rehab that may add expenses and bring down cash flow, which a lender may take into consideration.

I am a GC, and would add two considerations to the comments already posted previously.1.