Once the lender receives the new insurance policy to properly insure the new owner, that is what triggers thr due on sale clause.

The cost would be a lot less to acquire and the monthly expenses would be considerably less too.  

Run the numbers and if they make sense, pull the trigger.

Prioritize your financial situation, the local market, and interest rates.In conclusion, there are unique considerations for every investing approach.

Rental properties can indeed provide a steady income stream, and it's fantastic that you're exploring this avenue.Here are a few considerations and steps you might want to take as you move forward:Market research: Keep looking at possible multifamily buildings in the Augusta, Georgia region.

At the end you have a rentable property that is considerably less risky as a first time project than a fix and flip.

Sprinkler systems are a pain to deal with, in terms of maintenance (inspections etc) and risk of flooding during winter freezes and tenants accidentally triggering them.

:@James Hamling I agree with everything in your post except the tax consideration.

In the process of you pulling the trigger on this property..How many other properties did you look at before deciding on this one?

I'm guessing a considerable price hike will take place and will have to pass it on to the tenants.Thanks for any help.