Since repairs are essential, doing the HVAC and roof as cost-effectively as possible will boost rental value and make refinancing smoother.

Being more handy around a property to do some of the minor repairs yourself3.

Is there anything I can do, the home is valued at $356,000 however it needs some repairs so personally, I'd put it closer to $290,000 to $300,000.

For flipping, I focus on the after-repair value (ARV), renovation costs, and potential profit margins—usually aiming for a 20-25% return after all expenses.

Like most states, Georgia gives you the legal right to enter for inspections, repairs, or showings.

You are paying the tenants about $5K a year to live there (plus repairs). 

Then it will go to tax sale and typically back to the county.The mortgage company could try and repair the property to protect their asset but it depends.

I just started working with THD, I had the same situation as Shankar RamaniI had a 3/2 SFH posted for LTR, they reached out asking if I am open to short term rental, I was hesitant first but after searching the company and their business model, I was willing to take the risk if they pay me a good premiumThe person who reached out to me works with the insurance side of THD ( they have corporate leasing department too), and her tenant had a fire damage in their house so the insurance company wanted the tenant to stay somewhere until the house repair is done.

., repairs, furnishings) can offset this.

While you are learning and living in your first one, you want to make sure that you are keeping up with the repairs so that when you make a decision on what to do with it, you don't have a potential issue with the property you want to sell or rent when you are about to buy another.