Beyond the numbers, the city’s macroeconomics are really strong—tons of population growth, job creation, and major companies moving or expanding here like Intel, Amazon, Google, Facebook, Honda, Microsoft, and LG—so there’s solid long-term appreciation potential too.

Buy in a market with consistent historical appreciation—typically where there’s limited housing supply, population growth, job creation, good weather, and proximity to a major airport.

Atlanta in particular is extremely submarket-driven, so once you narrow your focus, patterns will start to repeat and underwriting gets clearer.One thing I’d be cautious about on deal one is relying too heavily on ADUs or zoning-dependent value creation.

Before committing, I’d focus on the underlying performance of the portfolio and whether the additional capital addresses a clear path to value creation or is just covering shortfalls.

The city has a ton of growth happening with population increases, job creation, and major companies like Intel, Amazon, Google, Facebook, Honda, Microsoft, and LG investing heavily here, which drives both demand and long-term appreciation.

There’s a lot more due diligence necessary with the documentation of an existing note which intimidates investors who can originate a note and just turn the document creation over to their attorney.  

The cashflow from the portfolio is meant to act as more of a buffer against risk than a source of wealth creation.

Columbus is one of those markets where the macroeconomics are really strong—tons of population growth, new job creation, and huge companies like Intel, Amazon, Google, Facebook, Honda, and Microsoft investing heavily here.

Think of $300 as a target, not an average out of the gate.4-units vs 6-unitsYou’re thinking correctly here.4-units = better financing, lower risk, easier first deal6-units = tighter margins, commercial lending, less forgiveness if numbers are offFor a first property with a full-time job and kids, a clean 4-unit is the smart move.Refi every yearThis is where people get tripped up.Cash-out refis usually require seasoning and value creation.

The short answer: strong cash flow and immediate equity creation!