This may not be the case in highly expensive/appreciating markets such as CA. 

They are banking on the interest rates going up and they know they most likely get to raise them if that's the case in 5 years instead of waiting 20. 

This is definitely the case in the more trendy neighborhoods (Plateau, Mile End, etc.)

My questions are, one would the renters have any case in court, and two would the owners have any rights in evicting them after giving a 30 day notice?

Although I'm not ready put my money where my mouth is quite yet I'm interested as well in the best places to invest in residential property (rehab and flip in my case) in the Atlanta area.

Persistance and good negotiating skills can go a long way, this thread is case in point.

Second, I was required to do work that I had not planned on: case in point, HUD required me to add gutters where I didn't plan to put them, which of course increases costs and eats into your budget.Now, for your last question:I did live on the Cape for 3 years, but wasn't investing way back then, so I'm not knowledgeable enough about the market to offer you any advice on it.

Case in point, I had a choice for an 80% LTV at 4.5% or 90% LTV at 5.75%.

I saw a wrongful death lawsuit for a case in Wyoming over a boat that was capsized. 

If this is the case, in the simplest terms the seller and buyer would sign, meet at closing with the Title Company, and deals done?