Additionally, we rented out a room for one year.

A third option could be to sell.

We are fairly new to real estate investing with one single-family, cash-flowing property under our belt in Augusta, GA.

What are the largest pitfalls one may run into that turn this from a 150 to 350 ordeal?

Finally came across this one in the small but growing town of Coalinga CA.

not sure why one would ask this question if the intent is to pay it.. only reason I can think is they want to try to wiggle out of it.reality is anyone can file a lien..

California is one of the states that will hound you for the proof your 1031 is still valid, only a California expert could say if converting it to your primary would trigger that tax.

Quote from @Francisco Milan: These really do not do much these days for people finding most of the listing online; however, you need to be sure that you put one out because any lead is a lead to put in your database to market to. 

Tons of rules here which make a condo association "warrantable" vs "non-warrantable" but just one on the list: one owner owning the majority of the units alone will typically make them non-warrantable.

I came up with a goal of having one property by the end of the year that cash flows at least $100 a month after all expenses.