I feel with purchasing a little bit cheaper of a home and renting out to tenants that are not my friends, the margin of profit may be a little bit larger.  

So I'd stay away from this sort of deal if I were you.

Yes I have had several subdiving projects (small and larger-ish) in Atlanta and Subdividing is not inherently bad, but there is a lot of moving parts (even on smaller projects).

Other than that, without re-doing it in my own analysis, on the surface it looks fine, especially because you're down payment is larger and loan is smaller.What aren't we seeing in the spreadsheet?

@Joey BiccumI would venture to guess that anyone in your area who chooses to rent a place to live for $1900/month has made multiple housing decisions about their lifestyle that are unconnected to any sort of poverty they are experiencing.

It has some sort of foundation damage.

This is sort of a "Chicken or the egg" scenario.

He's helped us get everything sorted out this year and cleaned up from our previous CPA who didn't really know what to do with these rentals.

The only reason I say this is because even if you base your profit based on the MOST conservative numbers, there are always some sort of unexpected incidents that will arise throughout the process, and there needs to be some sort of reserve capital set aside for that.

Hi,I'm sort of a newbie.