I can tell you on commercial deals if someone calls me that is an individual investor and tells me on the phone they have every Tom,Dick, and Harry looking for them as a strategy I hang up.I expect that from large commercial companies that buy nationally hundreds of millions a year and ONLY want the deal.

You'll also have mansion tax if purchase is over a million, and of course your inspection costs. 

@Jonathan KretschmerStudio is in Russian Hill with direct view of Alcatraz....yes it was going for $3000 before the SIP...While I am NOT surprised that I had to come down to $2800 to fetch a tenant, I AM surprised at how many listings seem to pop up at around $2200~$2400 in that same Russian Hill area... 

We're supposed to be able to buy a million dollar property with No Money 😄.

Most professionals will recommend a separate LLC for every $1 million in assets but I don't think that's necessary.

Honda is investing millions into an existing plant in Ohio to build EV's.  

No one is going to do a BPO on a million dollar house unless it's hard money.Also, your numbers for a renovation project are too tight to really call this a strong deal. 

They see their neighbor Bob got 10 million a couple months ago, so why can't they.

Luckily, you are part of a community of over 2 million members that specialize in something.Build your team consisting of experts and they will be able to help you develop a personalized strategy to achieve your goals in REI.If you would like any recommendations for professionals in Atlanta, I would be happy to refer you to them.Hope this helps!

The area is expected to grow by millions in the next few decades.From a rental perspective with a minimal down payment cash flow is not strong at this time but given a little bit of time they have been performing well.