Start to evaluate deals based on the income approach and you'll do much better long term investing. 

Much better as a short term acquisition strategy for flips IMO but always a high-risk strategy that should not be practiced by anyone who doesn't have the liquid capital to pay off the loan if needed.

Compare Loan Terms – Ensure their rates, fees, and terms align with your investment goals by getting multiple quotes from other lenders. 3.

I am looking at Carrollton ga to invest in long term rentals either SFH or small multifamily.

Use a buyer's agent that knows the market, contracts, negotiations, etc.If you really want to learn about investing, get a job in property management. 

I have lenders that I can point you to that would likely be able to give you a better product that will pay off that primary residence loan, or restructure it into one that doesn't take so much long term value out of your equity.

Property went on the market that week as we began negotiating terms.

The only downside is that you'll need an account, and they lock you into a contract.

We now are looking to create an LLC and setup the necessary legal documents to protect both parties and layout the terms of the agreement.

Here's an ideal PM contract: The two keys are: The PM is incentivized to make you money, not charge high fees, and is contractually bound to provide reporting that you can understand in a timely manner.