There's a lot of development occurring South Fulton area, Camp Creek is a very great hub that includes restaurants, shopping centers, and direct connection to the airport. 

This will allow you to acquire more rental units and also being able to use the vacated unit rents at 75% to help your debt to income ratio DTI.There is a FHA 100 mile rule if you do plan on using FHA on your 2nd house hack.

They include money toward the acquisition and also include escrowed money for rehab work. 

Start by analyzing your available capital, risk tolerance and how much debt you're comfortable taking on.

All of the quotes are including rental income replacement.

If your long term tenant is willing to pay more include the utilities and raise the rent. 

*The taxpayer maintains contemporaneous records, including time reports, logs, or similar documents, regarding the following: hours of all services performed; description of all services performed; dates on which such services were performed; and who performed the services.

Consulting with both a real estate attorney and a licensed architect is crucial.The attorney can advise on the legal aspects of converting a cellar into a legal apartment, including zoning regulations, building codes, and the legalization process.The architect can assess the physical space, determine if it meets conversion requirements (ceiling height, egress, etc.), and create plans for a compliant renovation.The 2019 pilot program you mentioned wasn't permanent, and the high costs associated with it discouraged participation.

Also, maybe don't include your lender in every step you're making.

Recently DSCR (Debt Service Coverage Ratio) for residential properties has been the talk, you probably have seen most loan officers market the heck out of these in recent months!