I am taking what was once an industrial warehouse and converting into a quadruplex on signal mountain.

RE can be very resilient and rewarding it can also humble and take away.

Recessions tend to have distressed sellers so there are a lot of deals to be scooped up if you have liquidity to take action.

. $196k value is just an algorithm that wouldn’t take property condition into account.

However, only take on credit you need and can manage.7.

No debt and good credit score.Are there any steps I should take before I contact one?

He's a driver so also stays in hotels often and isn't at home as much as other people.One benefit of me renting to him is that I was going to leave most of my stuff in the unit to rent furnished and will grab what I am ready to take slowly.

It does take a couple days to get the money however I have smaller more immediate reserves available as well. 

To answer your question above, it would probably take me about a year to a year and a half to save for the next investment property.

That can include a site visit to their current home to see how they take care of the place (assuming they have one, we've had a few come from homeless shelters).