Following this thread, in addition to MF I have seen so many attached SFR units in Augusta. To add I have 1 colleague that has found great success with section 8 investments in the area.
Arn, have you been to the area? You can probably find out a lot just by doing some google earth research to see what the streets look like, where the main commercial corridors are etc.
Also, i love to check niche.com because they have resident reviews and tells you some good insights on the area (as if you were going to live there).
Arm, here’s what I do know. Fort Gordon has grown considerably over the last eight years. There are new Single-family homes immediately outside the base between Fortgordon. and Grovetown. The nicest areas of Augusta, as you probably know, are Evans and Grovetown. As you know the Nationals are held there every year, close to downtown. The houses in the immediate area of this prestigious golf course have appreciated in value due to high demand for short term rentals. Short term rentals and multi families should do well here.What I don’t know is market saturation.
I've spent some time looking at a distressed property in Augusta, didn't go for it but it got picked up by another operator who seems to be doing well with the project. Feel free to send me a PM if you want to discuss, I may be able to connect you to a local broker with properties and insights into that area.