Just pick a good location that is as close to Atlanta as you can afford.  

You can pick your neighbor.  

We have a lot of areas to pick our battles in :)

I am buying an 11 unit apartment building with a commercial mortgage and have the two following financing options: (Both are 20% down, amortizing over 20 years). Purchase price $640,000A)    4.25%, adjusting every 5 y...

Although I plan on subbing out the PM to a local guy up in Cleveland, the company I work for has direct flights daily, so getting to and from wouldn't be an issue.So the question I have is this; would it be better to use the money in the account to purchase a SFR outright and collect the cashflow, building up enough capital to purchase another then another house, or would it be a better idea to leverage out that money and pick up a couple of units (or maybe even a quad or two?)

If it’s relevant, I picked this thing up with cash that I borrowed off of a credit card (it was only supposed to be a month long loan, and I had 0% interest for a year, so I thought I was relatively safe).

@Harry NeakokWhy have you picked pre-foreclosure as your target market?  

It allows you to be able to pick which market you think would best fir your needs.

@Nate Burnett The lender might be able to give you an exact # (since some of it dependent on 3rd party, insurance you pick, tax, etc.), but they certainly should be able to give you an estimate.

You could just focus every penny you make on knocking out the debt and that will take some time or you can pick which property will net the most profit when you sell and use the proceeds to pay off the debt.