I don’t know Georgia law but it’s probably safe to say your going to be headed to eviction court .

@Dan Heuschele essentially nailed every single deterrent I could think of off the top of my head, so not much to add there lol. 

Two vehicles we use are the BiggerPockets monthly get togethers which take place at Ramblin’ Jacks in Olympia, and the Washington State LL association which meets monthly at a larger meeting facility.

If you’re reading this, and certainly if you reply, you’re guilty by association!

When starting out, it's easy to get caught up in your own projections because you want them to work out and that can lead to biases that cause you to overlook or underestimate some of the associated risks. 

I'm legally in over my head so I have to tread carefully.

I'm an associate broker at HomeSmart.

@Michael Seeker Thanks for the heads up!

There are local association, state and federal and insurance often over $1500 on top.

So, for example, if I wanted to make it as simple as possible meaning no balloon and no down, would this situation make sense:I purchase at $38000I set repayment period at 5 years based on a 50k future assumed price.I set an interest rate of 10 percent (these are all just hypothetical mind you)50/5 = 10k a year in payments from tenant10k @10 percent interest makes it 11k a year in payment11k/12 months = 917 a month So after 5 years, the house is theirs and I have made 17k (minus associated costs).