@David Des as an agent we operate under Fair Housing laws, as you probably understand.

I'm fairly new on the site as well, and also in the Atlanta market.

Yes, you still own the homes despite having RTO residents and you may end up with a fair number of vacant homes due to default.  

While i'm fairly certain it is all correct, I am definitely not experienced in that department.

3) how can you evaluate these deals to ensure cash flow with mls data, if possible?

It is fairly common but not all lenders do it, it will be harder if there are multiple owners of the LLC especially if they are not immediate family.For future reference when tagging someone type the @ symbol then the first few letters of their name, then select it from the drop down, this way they will get notified when you mention them.

With all that said, mine was a total gut job, so if you're just updating stuff, and can get a project completed fairly quickly, the stress shouldn't be as much. 

We're in Virginia and I do not know if our laws address this, but we just did what seemed fair. 

I am fairly new and still trying to get the ball rolling with REI.

That's a question I can answer you with a fairly good probability.