Reach out to a LOCAL property manager that knows the rental market BEFORE you go under contract! 

What are you looking to achieve in the short, mid, long term?

This will provide some amazing long term appreciation!

and here is a link to the files for contracts: https://www.biggerpockets.com/files

Find out what financial problem you are trying to solve in the short term until your able to get to more "long term" problems that real estate helps with 

After winning the bid I had to provide 5% of the price as earnest money within 1 day of the seller countersigning the contract.

Projected sale: 950-990k Replacement property budget: 990k - 1.1M Plan: rent out the replacement home until meeting the requirements, then move into it while renting out a portion of the home via short-term rental 

You really shouldn’t be running your business on a stranger googling answers for you but…the google says:  Depending on the rental agreement, Georgia landlords typically must provide a 60-day notice for lease renewals or terminations, while tenants generally need to give only a 30-day notice for lease termination.Jan 18, 2024If a new lease is not signed, and the landlord continues to accept monthly rent, the terms of the original lease still apply, except the landlord is required to give sixty (60) days' notice before she can terminate the lease or change the terms, and you (the tenant) are required to give thirty (30) days' notice before leaving.So you can’t non-renew until the end of April and you can’t even increase the rent until then.

Fortunately, I just call the bank and tell the address of the property I am under contract on, and when I want to close. 

The Norris Group has a hard money ADU loan, but it's short term (3 years).