Here are a few questions I have:Second Position Loans: Has anyone successfully obtained a second mortgage in a similar situation?

Obtain multiple quotes from foundation companies, even if references are checked. 2.

We would like to obtain rental properties to generate passive income and hold via LLC (to reduce legal liability).

The money comes from the WL policy and can be used to obtain leverage for RE the two are not related. 

In unincorporated Cobb there is a STR permit relatively easy and cheap to obtain.

However, I believe smart, hard working RE investors can still obtain returns in excess of most other investment opportunities.

Probably stay out of 53206 if you're from out of state or don't want to be an extremely active investor and drama doesn't entertain you. 

To compound things the unit with the STR permit is obtaining reduced revenue.  

Have your Realtor contact the seller's Realtor and ask if they'd entertain a seller financed offer.These are rare and tough to close but they're out there.

Again, talk to the locals—cops, hotel personnel, and restaurant employees—to obtain the inside scoop about the neighborhood.Real estate investing necessitates rigorous attention to detail, which is why property tours are essential for acquiring critical information.