The rent to price ratio is an interesting artifact of this exercise, but it doesn't tell you if something will be profitable. 

If you have **no** savings to put toward the real estate venture I would exercise caution.

I work as a Commercial Mortgage Broker and would love to connect if you have a sample deal you wanted to get some debt quotes on! 

As owner of the property you would have a lot more options than just hoping you could exercise an option three years down the line.

I would imagine i could have an environmental sample taken to see if im able to simply back fill it.

Quote from @Hanna Brown: @Jay Hinrichs If the bidder at the auction pays cash for keys to get the homeowner out, does the person redeeming from the owner position (exercising rights of redemption w/in 180 days) have to reimburse them for those costs they paid to get the homeowner out? 

I tell people to start by picking a strategy (OOS long term, OOS short term rental, fix and flip, etc) THEN pick a market and submarket THEN look for good tools/people, doing it any other order tends to be an exercise in futility. 

And using ATL as a sample market, something in your price range will probably need to be a condo or townhouse in order to be turnkey.

Highly recommend you start getting sample contracts from other PMCs to evaluate what yours may be missing.Then, you may be able to renegoatiate the contract with your current PMC - or move to a better one.

The first clue lies (pun intended) in this fragment from your friend's creative writing sample: ...I wanted to "sell" the rental house to a new LLC...Anytime you have to put a critical word like sell in quotation marks, it means that you're not actually selling.