@Chris Purcell yeah wife watches it.

That being said watch and learn the contracts in your area with them.

Watch for deed restrictions that may limit the amount of the mortgage/deed of trust to 120% of the sale price. 

Another option to check out is flip funding if you want to take an even more passive approach to watch the whole process unfold with even less risk.Too many options to throw out in a simple forum but shoot me a PM if you need any help with getting started.Cheers, and happy investing!

Stop watching HGTV this dose not count as flipping education. 5.

There are quality properties and great folks in the business out here, but it is beyond critical that you're either here to manage/watch your properties, or have someone you trust implicitly to do so.

After I made my first post, I've been researching and watching webinars here at BP and now I'm a little bit educated.

Atlanta is one of the greatest places to be if you want to be an investor, watch almost championship teams, have a great job, and sit in traffic, then eventually become your own boss and work even more!!  

2) Are there any legal time limits with how long I have to own it before I can rent it out, or anything I should watch out for like that?

Any "lead" from your realtor is also going to be seen by every other "investor" who watches flip or flop and attended a seminar.