However, for personal reasons the tenant is no longer interested in remaining in this rental and wants to be "bought-out" of their "ownership".First and foremost, a verbal agreement just isn't going to cut it and getting a signed legal contract is the first step.

Hi Ty,Thank you very much for your quick & detailed response.

You have earned income within Georgia and will be responsible for paying state taxes on the income earned within the state.It may also be possible that when you sell the property, that the title company will require withholding done at the time of closing and remit it to the state which you can claim as withholding / tax payment when you file you Georgia non-resident state tax return.Best of luck.

A good PM can turn a mediocre investment into a solid return; a bad PM can ruin a good investment.A good PM can also help you narrow in on the best neighborhoods, cross-check what your REALTOR tells you, and line you up with solid contractors.I'm biased, but I don't think there's a more important person to have on your team.

I also put in exclusions for the water heater and furnace so that they are responsible for those.What type of language will make the AS-IS language stick and make it very clear that they are required to maintain the heating and water systems?

There's some complicated ways around it and things may have improved, but I can tell you that I was personally threatened with being charged with a felony in 2019 for renting my property even though I had gone through the proper permitting.

I see several responses that say it's not that hard.

You can lock off a closet or two for your personal things ("owners closet").

@Bob AsadI personally would not. 

In CA, generally, if a tenants dog gets out and attacks a person or pet by way of landlord negligence, like through a broken window or faulty door, then you the landlord could be held liable.