Hi Curiouscat,

You are correct in recognizing Atlanta as a great market. I have a lot of contacts in that area.

I hope this will not put you off, but I'd like to point out a few challenges we have experienced in this area.

1) There are several inexpensive neighborhoods that are almost completely investor owned. This is cause for many problems in which I'm sure you're already aware.Sometimes this is deceiving as the neighborhoods are brand new developments and look amazing!

2) There are a lot of people buying in this market, so purchase prices have increased. More competition means more out of your pocket.

3) There are a lot of small companies operating in Atlanta and they can be slow to move and communicate.

4) Some neighborhoods of Atlanta have long vacancies and issues with vandalism. Make sure you do your research on where you're buying.

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Cheers!