What I really look for in a agent is can they confirm or deny my ARV and rent estimate and explain why.

Due to high demand, many investors in Austin are finding they need to adjust their approach a bit to make the numbers work.Rehab Budget: Ensure that bids are received from multiple contractors and that adequate reserves are made for cost overruns.

Ask agent to do final walk-thru video to send to you to confirm quality of work BEFORE final payment to contactor.8) List the property for sale.NOTE: we're heading into winter/holidays when all real estate activity slows.

Your worst-case scenario (not specific to MA) would be having to sue to get them out as a holdover, but this is really reserved for worst-choice scenarios when owners choose the first renter or don't do any due diligence.

You shouldn't have the deal locked up without lender confirmation.

The fact of the matter is you mitigate that risk by doing what the folks above already told you....you bring money to the table and you have money in reserves if things go bad. 

I would think that MTR is same rent as LTR if the property is unfurnished so definitely confirm your numbers there. 

How much do you want to stay in the bank when you purchase (consider you will need 15k still in there for reserves on any purchase)?

When you don't have money for a downpayment, you should not be trying to buy a home because no matter how you do it, you will be overleveraged and have no reserves for repairs, etc.

A hard money loan with 10-15% down may also allow you to keep the Atlanta property, if you have the reserves to do it.