What I've listed above are common issues I deal with regularly.

The 2% rule, which is an ideal that you should not expect to hit in Pensacola, would indicate a value of $85,000 ($1700 monthly rental income x 50).  

In the movie, "Grumpier Old Men", Maria (Sophia Loren) asks Max (Walter Matthau) why he doesn't like change.Max answers, "Things never change for the better."

When it's my wheelhouse (in Jax, and even moreso in one of the neighborhoods I know well) then definitely a total gut and rehab is ideal.

Most have at least some issue that is less than ideal.

In an ideal world, I would prefer to have all SFHs, but multis are simply more efficient.Mike

4 bedrooms sounds like a little much for a 1200sqft home. 3 bed / 1.5 bath with a 2 car garage sounds pretty ideal to me.

Ideally I would want to cover the window on the back wall, knock down the bottom wall and call it a day, but I don't think we can match the siding.

The median for entry level home purchase in Atlanta is around $130k, so funding per project ideally comes in around $90 -100kDon't even consider working with another newbie, one truly is enough for any deal.

Ideally you want to buy 2nd liens with a preforming first lien.