@Juan Mercado The answer to your question is yes, but there could be significant time and money associated with doing so depending on the specifics of each tenant situation.

I've done this long enough that I can pretty much do it in my head as I see a property. 

Does anyone have experience with older homes and the associated costs to truly maintain them?

Welcome to Atlanta Matthew, @Brenden Mitchum hit the nail on the head, he has a lot of experience in the ATL market and takes the time out to educate people.

Looking to continue the adventure to replace income as we head toward retirement. 

Obviously if you think inflation is heading back down soon the I-Bonds are a better bet.

I feel like there is so much knowledge out there and I feel like I'm being tossed around with the ideas in my head of what to do to get started. 

This is what is in my head and correct me if I am wrong, but I was thinking if I receive the property then give it about 2-3 years refinance the house and pull out equity (obviously by using the calculator that the equity amount will be enough on year 3) and use that to pay back the money that was lent to me.Is that a smart option to present to my private lender?

Hello all      I am a member of a local landlord association/Fox Valley Apartment Association/www.fvaa.com and we are working on improving our message/marketing efforts to increase our reach and improve deliverables for our members. 

In my area, some of the nicer mobile home parks have homeowners associations that prohibit this similar to a condo community.