When you figure out money flow, count all costs, and know the laws for renters and owners.

What are the pros and Cons of buying Residential and Commercial Properties in Georgia? Can you share your views on this?

I'm looking for any / all advice for best practices around how and when to inform tenants about the rental increase/request to vacate.

Hey @Isaiah Cortez, speak to an REI-savvy attorney who operates in FL (doesn't have to be located in FL but should know state-specific rules/regulations/laws).We see so many different entity structures for rental portfolios in our REI Bookkeeping Firm.Whatever you decide, ensure it's simple enough for you to easily abide by the structure in your day-to-day operations. 

Any advice or tips on taking over a lease would be greatly appreciated - specifically around questions to ask before close, mistakes, and best practices.

Most here on BP that buy NPL's like myself only invest in the US as we see plenty of product here in the US and can make good money doing it, so its not worth the risk to venture overseas in other country to learn all the nuances, laws and rebuilding all brand new relationships.

If you are going to do it yourself and be successful, you must know the law inside and out and learn how to resolve problems before they happen.If only someone wrote a practical how-to book for DIY Landlords...

Hi Doug, Your broker may require you to be a member of the local MLS, however there any many brokerages that don't, as it is not a requirement to have a license or even practice real estate.

Quote from @John Mason: @AlanGreat , I will have the network in a  few months so will look at itIDK what state your in, but it may be to your advantage to see all of the requirements and law surrounding contractors and contracts.

I have googled and found a few law firms that actually seem to specialize in this and have listings of houses that are about to go to auction or already have bids that will be granted before the date someone can offer a higher bid.