I self taught myself Financial Math, Economics and read a lot of books about Investing, both Real Estate and Stocks.After 1 year from Graduation, I bought my first investment Property in Brooklyn.7 years and a few more Investment Properties, I was financially free.20 years after I bought my first Investment Property, I have almost $20 Million Assets Under Management (AUM) for several Partners and myself, all in Brooklyn.So pretty much the Rags to Riches story with a NYC flair.Like Old Blue Eyes said, "If I can make it here, I can make it anywhere..... it's up to you, New York, New York!"

That combined with a strong positive cash flow potential and an economical growth rate that rivals other larger metropolitan cities is a huge plus.

Note that you can separate out the ownership interest in an LLC from the economic interest in an LLC.

If you feel economically viable enough to cover any possible losses in the meantime, there's nothing that says you need to have insurance if there's no loan on the property. 

I'm trying to find the most economical cost for heating & providing hot water for the second floor unit which is 588sq ft, has R30 in the attic which is the ceiling of the apartment, no wall insulation, has 3 external walls, 8 single pane windows with storms, and the floor will most likely be heated from the apartment below.

@Amy Park If you're investing specifically for cash flow there are better markets than ATL right now but the economic fundamentals of ATL are so solid that if you are factoring appreciation speculation it does seem to have the ability to do big things when comparing it to the other strong cash flow markets in the midwest which are less likely to benefit from appreciation.I operate in Both Cincinnati Ohio and Atlanta Georgia And the cash flow is much better in Cincinnati.  

i suggest you pay off your notes, one at a time - using rent money and your own cash flow....then as each property is paid off you become safer economically ( what happens if 5 of your rent homes go empty and your not working due to an illness?

., it is becoming more and more like NYC and SF every year, and to me that is a GOOD thing).Economically speaking the numbers you threw out are indeed going to make it a bit tough (on the East Side of Lake Washington at least, where I live and invest). 

I wanted to put in a shell driveway due to it being the most economical in the 2860sqft parking area.

I can usually buy a decent house for around 20k and rent it for $550.What are the primary economic drivers in these locations.