It may be worth directing more of a focus towards Pearland, but if the opportunity presented itself and I had to choose between a property in Pearland or Friendswood, I would take Friendswood all day.

@Peter Padalino - couple suggestions, as I've been in your shoes.  1) Go crazy on energy efficient items - all LED bulbs, NEST or EcoBee thermostat, etc, etc.  2) Get someone to quote solar power for the roof if you have APS - I went solar and LOVE IT for rentals. 

The major focus of the work would be to inspect properties both owned and potential acquisitions. 

We now have enough buying power (via cash and access to loans) to handle more than one property at a time. 

I would focus on building my skill sets, paying down debt , building a nest egg - savings, 401K, Roth IRA, etc - and continuing to educate yourself. 

I'm about to relocate to ATL myself in the coming weeks, with the same focus that you have in multi-families in that area. 

My current goals for this year are to become very comfortable with performing comps in my area, getting pre-approved for a mortgage to find out my buying power with conventional lenders, connect w/ a investor friendly agent and wholesalers to align on my investment criteria and begin the search!  

Focus on making the unit bullet proof.

If he doesn't need the income now, I'd say go for a 15 year loan and devote all the cash flow to paying down the loans, one at a time (so minimums on loans 2-6 and everything left over from all those rent payments onto Loan 1, till 1 is paid off, then start focusing on Loan 2, etc.)

Like they said on the BP podcast all the time, there are many ways to make money in real estate, so pick one and focus on it.