And @Steve K pointed out that the government is now taxes the importation of building materials whereas a year ago they were allowing tax free as an initiative to bring wealthy investors back to the bahamas.

Also familiarize yourself with the bet line project south Fulton and mid town are great markets.

We initially listed it for 535,000 a couple years ago and it is currently listed at 459k.

You will see cash-flow sooner in the rent ready property (obviously) and it will be easier initially.

It boiled down to looking at it for the long term play, not the holy crap 4.5% fee that goes through your head initially.

Say the initial loan is made on a 360 basis, in two years it changes to 180, in two more years it could adjust to 120.

I believe it is 1.5% of mortgage amount initially (added to loan), and .5% of the amount loaned per year.

I like the initial approach and just know that it will continue to evolve as you get going.

@Michael SmithBrianna is exactly right - RT4 allows for more units, but I bet at least one is illegal.

BUT you have to have access to quiet money or bank loans... there is hard money for this but your returns will go down to 20% or so if you borrow at too high a rate.I bet you can do this in CA pretty easy to doing infill in the more popular towns. and metro areas.