However, once we received the title report, we started to question if we bid to high for the lien. 

Thank you for any advice.I have ZERO experience in the state of Georgia so I highly recommend you take what I say with a grain of salt and call a local property manager who can tell you what to do.

Quote from @Jim Reynante: After owning properties C/D neighborhoods with high crime statistics, I have experienced all of the things that go along with it: 1) High turnover rate; 2) Tenants that don't care for the property; 3) Little/No appreciation in home value; and 4) High Crime Rate (burglary, vandalism).I am pretty tired of fixing broken windows, fixing broken doors/locks, and painting over graffiti.

However, for all we know, this one neighbor could give us high hell - we will ensure we speak to him before. 

I felt like this was a little high at the beginning of the deal and turns out I at least got that part right.  

We live in the Atlanta suburbs so we've built up good equity and rental prices are high.

This Raymond St property caught our attention due to its affordable purchase price and potential for a high return after renovations.

They are high on a percentage basis in Detroit, but relatively low on a nominal one.

Rent would be ~1,400 to 1,800 / month which is above market rate but housing is in very high demand and price is in line with what seniors who live on their own would be willing to pay based on my conversations with local Real Estate Agents. 

If risks feel too high, consider waiting until your live-in flip is complete and your position is stronger.This post does not create a CPA-Client relationship.