So this is really a "what not to do," but something to think about (Specific to NYC and rent control):http://www.thenation.com/article/how-to-dump-tenants-and-make-a-fortune-2/

My thinking is that Doraville is the next potential place to pick up a property as Chamblee is pretty much located similarly to Doraville (proximity to Buford Hwy, and therefore crime/whatnot), but is in another league price wise. 

okay so i had my first meeting with a Brokerage firm, although it went well and i knew what to ask and what not, something they told me i did not like.

But now that I have an interest in Real Estate I really need to go back and re-watch it to get tips on what not to do, like living in the model home lol

Worst case scenario... duplex ends up vacant, now you're making your condo monthly rent payments PLUS the mortgage, taxes, insurance and what not on a vacant property.

I feel he will be a great asset for my start up with connections and what not.

Sounds really like a real list of what not to do when rehabbing.

One side had to be gutted and the other wound up only needing some lipstick and what not.

We also have them sign an agreement with us about how to deal with owners and tenants (What to say , what not to say, how to dress, about being ontime, when they get paid on jobs etc..)We make sure they understand how we operate, what we expect of them but also what they can expect from us.

One key one I totally left out was how much rent increases would feed into that cash flow; the 25K should see an increase from that, but conservatively if you leave it at the 2% I used includes that, all good.I'm not sure about future performance predictability; in many areas of the country, folks who bought in say, 2005 or 2006 are still underwater on their homes 10 years later; whereas equity investors who bought at the peak of the market in say, 08 or what not, are ahead today, despite the crash that ensued (assuming they stayed fully invested that is).