In fact, I’m glad we had him, because him being from Georgia, he felt compelled to give us some extra tidbits.

I am getting the feeling that most full time guys are flippers and that the buy and hold portion is just some extra gravy.

I have not used a bump key myself (they are illegal in some states without the proper locksmithing permits/licenses).

The all others is critical and covers everyone known or unknown to reside in the property.This way someone living in their cannot say the eviction says so and so but not me so you can't make me leave.Front and back lock sets cost me 28 dollars for the set with deadbolt and we put those on the second we finish with the writ or the tenant voluntarily hands over the keys and it is vacant without filing eviction.We do this because sometimes even if tenants leave on their own they have an extra key they don't give and then when where they move to doesn't work out or have enough storage they start putting junk back into the apartment they vacated or try to squat there one day and then another place another day.Sometimes in apartments tenants will hop from one apartment where they are evicted to staying with the unit next door that is paying.After awhile say a week or so the good deed wears off and that tenant wants the people gone from their unit.Was the power in the husbands name??

If you consider it you should require they pay 4 months in advance.This will cover them paying the first months rent,time to immediately evict them if they violate a provision in the lease,and cover paint and carpet again.If they violate the lease for any reason all the money paid upfront is NON-REFUNDABLE.Don't just stick a tenant in there to put one in.Make them meet extra security demands or wait on a better tenant to come along.You have to make a tenant like that have a bunch of "skin" in the game.They may or may not have reformed themselves and if they have they should not mind putting extra down.

(Bear in mind, this is City of Atlanta... and they hate builders and renovators with a personal passion)For that price, I also expect the architect to take my license and go pull the permit himself, walking the plans through the building department.

In terms of eventual resale (it would be a rental at first, if I buy it), is adding an extra bathroom or half bath necessary?

The gas dryers are more expensive to purchase in the first place, and aren't even in stock so a few days of extra lead time is needed to buy (assuming you buy new - I did that for the house I live in).Why can't you just have a 220V/240V line run into the area where the dryer would sit, so that an electric dryer could be used?

I really don't think an extra 7 days on market will matter.

You'd have to put down an extra-ordinarily large amount to hold the 50% rule.