Loopnet is a graveyard of dead properties for sale.

Plus if you bought with all cash from the proceeds of the sale you would be trading down in asset value quite a bit.Depending on the refi rate you could consider keeping this and refinancing it to pull some cash out which you could use as a down payment on another property.Just some thoughts, hope they help the issue with the refi is those rates at the new loan if i do a 75% LTV will almost overcome the cash flow its producing now and basically get to a break even point.

Look online to see if any properties are being offered for sale or rent with a legal basement unit and you may get a tip off.

The sale of the property itself is a violation of the terms of the mortgage or deed of trust enabling the lender to accelerate the note.  

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.

You say you are aware of the risks, but NJ and NY sheriff sales have the same buyers at all dockets.

Maybe they would even agree to a sale price up front so you can plan for it.

Keep it as a rental or would it be a better sale to turn into more properties?

You can indeed transfer the FHA loan into an LLC if certain criteria are met, though your bank may exercise its due on sale clause and require you to get a new conventional mortgage.

Is there a listing service that provides post-auction sale reports for Georgia mortgage auctions?