Sticking to just one avenue or one type of deal could pigeon hole me but going wide then deep will help. 

The flippers I know are going with heavy fixers at a deep discount or adding square footage in the most desirable neighborhoods.  

With this being an REO the seller (bank) went with our cash offer).Improvement Costs: $2,100 (re screen porch, Landscaping (bad shape), painted entire inside, drained & filled 10' x 8' deep pond, Appliances) For a newbie, this house did not require much work which is not typical for houses in this price range in my area.

I know I need a CPA for specifics, but seeing if anyone knows the tax treatment for sublessors before I dive too deep.

Hi Alex I'm wholesaler in Atlanta with some deep discounted properties all across metro Atlanta but my current target areas are Cobb Gwinnett and North Fulton.

Our survival instinct is so strong, that it will push aside a lot of our learned behaviors and characteristics and allow us to dig deep and find things inside of us, that we never knew we had. 

You are jumping in the deep end and it is a very steep learning curve.

I'm sure deep down you want to get rid of it.

I have basically disrupted the comps in the local area by purchasing multi-families for such a deep discount but I fear that it could come back to haunt me if the appraiser cant find proper comps in the area. 

@Nick SabatMy own home has many such features as I have tinkered and experimented over the years.When it comes to retrofitting acquired properties to add to our rental portfolio, there are lots of thing you can incorporate relatively inexpensively depending on how deep you are going for your renovation.We have a home-grown building monitoring system which is evolving all the time.