I was required to pay the entire year in advance but When I cancel, they prorate and refund.

Hi Garrett, Doing a cash-out refi to pay off your current mortgage and turn it into a rental could work, especially with Atlanta’s strong rental market.

For cash flow-focused investments, consider neighborhoods on the west or south sides, like Speedway or Southport, but be mindful of local market trends and tenant quality.

If you want more cash flow and want to walk away with more of the 80%, perhaps identify another market and do a 1031 exchange so as to not pay capital gains taxes.  

This was a few years ago, but at that time as I recall they were looking to do more long-term property leases over owning properties and doing pretty landlord friendly leases where they would do repairs and even pay property taxes. 

(Tenants not paying on time, keeping track of payments ect..)There isn't just one problem.

If the tenants can't afford it, let them move out and find a new renter willing to pay what it's worth.

You may need to register as a foreign entity, file a tax return, and pay taxes in PA.

if not, how would you plan to pay that bridge loan off before the balloon comes due?

Exactly, I have that in my mind and thinking of 2 weeks time.