Plus scan the local Craigslist to see what used furniture is out there.With all the questions you have asked, I don't think you said where it was located.

Are the other parties to the agreement the property owner sharing the well and maybe an HOA?

 I'm not opposed to subject to, but my fear is whoever I am taking over the existing mortgage from will not continue making the payments.You make the payments.

The terms on the debt look good.

It is a very easy process, and the city is very helpful.

I'm in the Atlanta area also.

@Gary R UrenIf the property is zoned for only one home you most likely will not be able to do thisPossibly it could be 123 main st unit a vs b but that is a post office issue and good luck dealing with the post office on this issueI would talk to them and put to mailboxes in the front and see if they can separate it by A and B unit

Each corner and where the floors meet the wall.

Use the search function for this one. 

Just the actual cash value   You may want to find a good broker in your area that works with real estate investors.