Closing with a backend buyer at $425,000, the deal p How did you find this deal and how did you negotiate it?

Case closed. 

You could sell and 1031 it into the next property but you'd usually have to time the sale of your existing property and the closing of your new property right.I also wouldn't worry about having central air in the property unless that is essentially a requirement for you to remain competitive with the rest of that market.

The "intent" of the law is to protect the innocent from criminals yet we've made the legal system so complicated that criminals are protected more than the innocent.If someone is caught smashing a car with a baseball bat, police can quickly determine they are not the owner and arrest them for the crime.

99% of the time it is paid off at the closing table of the sale of the property (post rehab) or at the refinance (after you have a renter). 

With community opposition you can operate within the confines of the prevailing laws, and so long as you play by those rules they legally cannot shut you down.

***This is not legal of advice.

Additionally, the house in Kennesaw is close to KSU and currently used as a student rental, but Cobb county shows 2 unrelated people who can live with each other. 

I told him I could list his home or if he preferref I could buy it cash and close quickly for wholesale pirce.

With $75k very few markets could you withstand a downpayment, closing costs, reserves and capex up front.