It seems like ATL has great metrics and market fundamentals.

All the big software companies (RentVine, Buildium, AppFolio, on and on...) have capabilities like this.

It sounds like you’re off to a great start with your first fix and flip, and Santa Fe is an exciting market for real estate.

Screen and approve the applicant like normal.

Well not if I signed paperwork saying If I break it for any reason I give back the deposit.

For sms i send out messages to people who have opted into my website over a 6 month period and its worked well 

Those might make good rentals...but also there can be extra costs...see if they are in PIDs/PUDs or MUDs that add significant cost to the monthly payment...maybe $100-$200 extra a month.Also $2500 sounds high on rent to me for 1800sqft....I would think more like around $2000/month, but haven't looked in that area lately.I do like Forney....one issue is I don't think there are good demand drivers there. 

Until you know the process you do need a good RE attorney who knows the process well.

The income is a nice cherry on top to my monthly rentI reached out to like 3 or 4 vendors and got pricing.

And, while the investor is at it, they may as well do a cash out refinance, or at least they want to know what those numbers look like.Here is what that financing might look like, along with pros/cons.From left to right: No prepayment penalty, 3 year prepayment penalty, no prepayment penalty.