If you assume you've got to properly update a home for a nice neighborhood, how easy is it to spend $150k for a house less than 2000 square feet?  

This night increase your chances the person won't redeem and you will own the property completely.I he won't pay rent then you will likely need to file the ejectment.

Since this is ran as a lodge and occupancy/hotel tax is collected above the nightly rate I am curious if I would be obligated to pay the state of GA income tax on the proceeds paid to me annually.

You can get some fly by night GC, but projects in Dallas will be closer to $90-95

You want to ensure the proper contingencies are there for you.

I wanted to be safe and sleep at night.

Councilperson Viagran stated, there were multiple code violations and work was performed without proper permits.  

The idea with your zoning currently is to allow only 1 dwelling unit per 5000 sq ft, with the few exceptions that Brian mentioned above, and with all of the proper setbacks. 

She's older and I wouldn't be able to sleep at night knowing I forced her out. $50 a month more makes my numbers work much better and frankly she can stay there for another 5 years at that rate. 

I am not certain what the average length of stay will be, but based on my market research, I am confident it will be more than 2 nights but less than 7 nights.I am not sure what hotel-like services would entail.