The intersections of 423/380 and Preston/380 are both going to have massive commercial developments.  

@Randy Dickerhoff Your primary will definitely factor into the debt to income ratio.

HOA is $175 per month.This property is in a great location... located in a large urban park in a historic neighborhood currently undergoing serious gentrification (hundreds of millions in multiple residential/commercial  developments all over the neighborhood, both city and private money).

@Adam Hale based on those numbers the 1% rule applies so it seems alright, but there are other factors you have not mentioned that are critical. 

Inventory is still at an all-time low, and we've basically accepted that as the new normal for the past few years - especially due to the fact that there is practically no development in the SFH arena - only for new apartments/condos - and those can barely keep up with the demand. 

If you go month to month they tend to factor that in and may not like that .

We have 6 rentals, one spec currently for sale, and a few developed lots waiting to build on in a nice neighborhood.

I look forward to getting to know everyone.Getting started in real estate investment has been on our list every year but this year we have been scaling back the consumer side of our business so we can focus on developing in this area. 

Since short term rentals can be a controversial topic in some states, I reached out to Atlanta's office of zoning and development to just check on what the city's position was.

View report*This link comes directly from our calculators, based on information input by the member who posted.Hey BiggerPockets,I have found a potential deal on a multi-family in Chicago that may cash flow but unfortunately is in a C-neighborhood (and also right next to a major metro airport so maybe noise factor will be bad).