I've only recently started actively looking and ideal budget would be around $300-$500K but I can be flexible with that.

@Mukul Lalchandani Ideally would like to stay within $500K but can be flexible on that depending on deal specifics. 

It's been a goal of mine for years and although I'm still not in an ideal financial situation (cash on hand) if I have the opportunity to do something now I want to take it.

I’ve seen those type of transactions here in Cleveland come with penalties for selling quickly (e g <5yrs)....usually they want owner occupants in the property to stabilize the neighborhood. 

Ideally i'd like 100% on the primary and 75-80% LTV on the investments.   

Here in ATL with $1300 blue collar rent, HOA fee needs to be under $200, ideally $150 is a low'ish HOA fee for a decent rental.- Even buying houses in HOAs can be h***, re lawn mowing, house maint, painting your colors, tenant leaves camper parked in drive getting you HOA fines....In short;  what out for HOAs, avoid is a good business model.  ...

Ideally, we are looking in areas close to South Park/Plaza Midwood.

I intend to keep acquiring [cash flow positive] rental properties through BRRR and hold them long term.I have quite a bit of friends and family who also wants to 'invest in real estate', but don't have the time or are in geomarkets that aren't ideal for the BRRR strategy.Have any of you partnered with multiple investors to raise a fund that is specifically used for acquiring longterm rentals?

I am ideally looking for a multi family building to fix and hold.

@Mari E Desilva If the utilities are on, I’d do a full inspection.