$4800 will get you licensed in your state, pay for CRE tuition and a real solid RE education. 

Tenants laws are different in each State.

There are a lot of wholesalers who are buying lists of properties in foreclosure / default and do not realize this in many states is considered predatory.As taxes and insurance increase along with homeowners having equity, states will start to catch on to this and my guess is start going after more of these wholesalers.It will be an easy win for them as most wholesalers act as brokers illegally (do not do double close) and do not let the homeowner know all the options available to them (modifications/ bankruptcy), they are out to solely benefit in their behalf which in itself is predatory

Make sure it's by an electrical  Outlet.( That could  cost a little)The Engineer cost is still  going to more and  his report will suggest all that I stated plus much  much  more Good luck 

Buyers will be required to sign a buyer agreement prior to showings, many states operate this way already, and it can be specific to a period of time, specific property or range of shopping options the broker is to assist with. - Buyer broker commissions will be more transparent and in all likelihood begin to trend downwards.

Is there any special requirement to do it in this state?

If you are thinking about investing in another state, I would be delighted to assist you.

I have been hopeful in finding a deal out of state as I have a Realtor in that area that believes I can find the on market deals i'm looking for.

Saves money, but also the con of being out of state compliance and or replacement costs.

They didn’t go as strict as they threatened, at least not yet…https://www.atlantaga.gov/government/departments/city-planni...2 properties maximum and the first one must be  your primary home… so be prepared to move there and pay state income taxes  https://www.atlantaga.gov/home/showpublisheddocument/54610/6...you and your landlord will have to get this form notarized.Please just make sure you have a plan to keep making rent payments after your short term rental plans are banned.