For my own reno projects, it took years to learn accurate construction costs and assemble a scope of work.

I have heard them mentioning them for several months on the podcast, and I believe I heard in a recent episode that the project of having one for each state is almost complete, but I can't seem to find them...

It might be an idea to rent a room in your house in the meantime, if you're up for it.I advise you to make a calculation for the next 2 years: all gains and expenses per each project, how much total gain you will have in 2 years if you do a flip vs a rental after paying all the expenses and mortgage and selling the home.

BRRRR - if you want to extract massive margins out of a property by taking on a project many others might be willing to attemptTurnkey - easiest possible way to get into a rental, but you'll get returns equivilent to the hard work you put in the deal:  Minimal

I was thinking we should just use our own savings to fund the entire project but then I am worried there will be hidden cost our savings cannot afford so I thought taking out a loan to help will be best. 

Think about a few things when considering investing in upcoming cities 1) Current or future infrastructure projects 2) population shifts over the past 3-5 years and projected population increase/decreases 3) research the area on municipal websites, blogs etc see what people are saying about the area and what local governments plans are.

I'd appreciate recommendations for a project manager or contractor in the Atlanta area.

I imagine your credit score will be better paying off one and move to the next project.

(a) “Common Area Operating Expenses” are defined, for purposes of this Lease, as all costs incurred by Lessor relating to the ownership and operation of the Project, including, but not limited to, the following:(i) The operation, repair and maintenance, in neat, clean, good order and condition of the following:(aa) The Common Areas and Common Area improvements, including parking areas, loading and unloading areas, trash areas, roadways, parkways, walkways, driveways, landscaped areas, bumpers, irrigation systems, Common Area lighting facilities, fences and gates, elevators, roofs, and roof drainage systems.

This was required because the project involves an addition and we will need the survey for the town's building department.