Live in flips give you a great advantage because holding costs count as primary living expense and you can work at your own pace, however live in flips make it easy to slack off and not get things done in a succinct timeline.

@Cesar Escobar In my opinion, if credit is not a concern (i.e. you can qualify for a conventional loan if you want to) there are two main reasons to use a 203k loan:You require a construction budget, but aren't able to put 20%+ down to acquire a construction loan (or don't want to)This is a first time rehab and you want to take advantage of a professional consultantThe second option has much less impact than the first. 203k loans tend to be more expensive than their conventional counterparts.

@Cameron Rockwell biggest advantage is much less competition.

However it could be for your advantage.

There are certainly better markets and easier places to find deals, but don't underestimate how much of an advantage you're familiarity with Atlanta is.

Advantage of this is it would fall under one loan and be able to get ONE federally backed fixed rate mortgage (since its only 4 units)Any input is greatly appreciated!!!!

Took advantage of us doing our first deal.

those are great referrals, i hear foundation issues are not for faint of heart..i dont have experience with these...aren't they always a deal breaker, or do you look for these to your advantage? 

Account Closed mentioned and can even take advantage of that, you would even profit when you decide to sell your property as well.Of course right now with the outbreak, it may hard to come by, but considering there are areas that are appreciating, right now, imagine what that area will be like after this dies down.

Now, I want to do my own deals to take advantage of the upcoming recession but, truthfully, I don't know where to start even.