The leverage and arbitrage when used to its full potential far exceed the costs.

The debtor will make $200 monthly payments until paid off. 1/3 of the $200 goes to the agency, and 2/3 goes to my account and within this 10% of 2/3 goes to PM as service fee.

I'm sure you've seen this website, but this is the full info: https://www.savannahga.gov/1476/Short-Term-Vacation-RentalsYou could buy a property with a STVR certificate already in place.You could by on Wilmington and Whitmarsh Islands - they are not regulated yet.

I understand they have 12 month subscription services, does anyone have experience with them in regards to buy and hold real estate?

So that's the real math.Even though you don't have room in your budget for property management services, I'd be happy to help you if possible. 

Yes if going for programs that look at debt to income ratio even if balance is 0 on an open line they'll consider the full potential payment of the line

The Earnest Money shall be refundable under the terms to be specified in the PSA.Due Diligence PeriodThe Buyer shall be afforded a due diligence period of [Number] days commencing upon the full execution of the PSA (the "Due Diligence Period").

I did a lot of new construction in Charleston SC and did full gut rehab on 2 small MF>  built about 35 homes.. the prices in charleston are very high compared to say Columbus OH. in the order of magnatude to 2X to 4X per prop.. but its a fabulous city. 

Full disclosure I work with Tom Wheelwright and the CPAs and Tax Pro's in our community and appreciate that we're not for everyone.

You'll request a payoff statement from the lender, you'll hand that to the title company handling the sale/refi and when wired funds come in from the buyer/lender financing refi funds are wired to the payoff servicer to service that loan.