These will have the least amount of red tape and be most expensive option.

This seems pretty low.Once you account for property management there won't be any cash flow left and you'll likely be in the red.

I’ve given myself until June to finish renovations and have the city stuff done because it has been red flagged by the city.

You don't know what you don't know - and you won't have an agent looking out for your best interests.As we say around here, "Good luck to you and the Red Sox". 

Here come the red flags.

Originally posted by @Nick Bolding:@Jim MorrisI work in Property Managemebt and I hear these emails, texts and phone calls at least 20 times per day.

That is what known as a "red herring" argument.

Originally posted by @Danny Redding:@Joe VilleneuveIn my experiences with Ga assessed values, you can appeal based on market values or conditions, and have your tax liability decreased.

@Anthony BarbatoYou can do whatever you want with a property you own - that is, until it gets red-tagged and/or you get into a "ghost ship" disaster like mentioned above. 

The BP calculators are a great place to start and will guide you through each piece so you don't leave a critical number out of your calculations.After you have analyzed enough deals and found one that you think looks good, you will need to be bold and pull the trigger, the first one is always the hardest!