If it were me, I would sell it and invest in Ohio or another cash-flowing Midwest state with landlord-friendly laws. 

It's a more involved strategy, where you purchase properties that need work, renovate them to boost their value, rent them out, then refinance at their new, higher value.

I'd agree with @Josh Bowser about renting for now and revisit this again in a year if you don't need the cash for ATL home.Feel free to reach out if you want to discuss options.Good luck with whatever decision you make!

Purchase price: $252,000 Cash invested: $65,000 PP 252k5/5@ 5.75%Rehab cost- 20kARV 350k-370k What made you interested in investing in this type of deal?

You're going to start bleeding cash hoping that it works. 

Starting with smaller, less risky investments can help you gain knowledge and boost your confidence.

However, with the projected negative cash flow and uncertainties of remote management, consider the financial strain and risks.

I would think of this problem differently: I might encourage them to explore ADUs... this would give them an additional stream of income and would likely only require a relatively small chunk of money in their savings (relative to the total cost).If they could partner with someone that has experience building and/or flipping (to qualify for the construction loan), then cash them out with a 30-yr DSCR loan (and use that as the builder's profit), then they could rent the property and enjoy the cash-flow.

When you bid on a tax deed at the Sheriff's auction you must have sufficient cash in the bank to be able to get a cashier's check to cover the full amount of the purchase on the day of the auction and you must be able to live without the cash as it often takes a year or more before tax deed investing provides any return of capital.What is a Georgia Tax Deed?

Purchase price: $209,000 Cash invested: $28,000 Sale price: $880,000 This was the house I grew up in.