With winter fast approaching I need to fill vacancies fast.I have read through some of the post here and understand it can be a decent cash flow, but I would love some recent  feedback from anyone that’s in the padsplit market in Atlanta on what to expect.  

The experience goes with track record - do they have a history of doing this and being successful as well as having failures.

Hi - are there any scenarios in which mid-term rental income/losses can be considered as active income rather than passive, besides when one has REPS status?

You would need to give 60 days notice to vacate in most areas to be safe.

Today, he was showing me a property I had asked to see and he let me know he had another one coming soon that he thought would be a good fit for me.

Sounds like a good deal and you must be handy to have done all that work.

My biggest issue is that I’m using personal funds as owner contributions to these accounts and money moves from account to account on a consistent basis, so I’m trying to be diligent in proper accounting. 

If you are brand new, drive around and make notes of just a few properties that might be looking to sell based on their upkeep.

If so, what would be the best category and cities to start in for real estate? 

Your zoning should be ok, but you want to do everything by the book (which can be costly) to percent future insurance claims or injury claims in an unpermitted basement living space.