So I guess my main question is:  With these numbers, would this be considered a good investment to rent or should I cut my losses and start over somewhere else?    

We started out by raiding my 401k, including the penalty, because we didn't have a lot of money available to us.

Where can I go to borrow money to give the contractor in order to get the project started?

This obviously puts us in a tight spot as we have work scheduled to start soon and need the loan to finance the rehab.My question for lenders is, can her Mom take out a home equity loan on the inherited property of which she is listed as a lifetime estate tenant without the consent of my girlfriend (co-owner)?

If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.

We are finally getting started on our real estate journey and have narrowed our search down to the Atlanta, GA region. 

@Karolina PowellA great way to start is by having a property manager tour the property with you.

Investing in a syndication or fund could be a good fit given your situation.I started investing in some fix and flips and some smaller residential properties from traditional BRRRs.

My name is Hogan Chouinard and I am new to real estate investing, I have been wanting to get involved with real estate for a while because I want to give myself financial freedom in the future by putting in the extra work right now, I want to start a real estate portfolio that I can continue to build on over time for years to come, and I am hoping that I can meet some people on bigger pockets that can help me along the way!

Or should I try to find a deal now and start the loan process?