@Drew Sygit I already possess the necessary knowledge and am in the process of due diligence to purchase a home.

Another leading indicator of purchase activity: mortgage applications.

It does not seem to, but a couple properties have significant amounts owed to an individual through an Assignment of Rents document and I just want to get another set of eyes on this to make sure I'm interpreting this correctly.The deed conveys title to the purchaser free of all encumbrances of any kind existing before the sale, except:(a) Any lien for installments of taxes and special assessments, that installments will become payable upon the secured roll after the time of the sale.

If your home will likely remain economically viable  (not in path of redevelopment in next 10 years)  its probably worth looking at some systems upgrades.

The owner of the property is a relative, who purchased the property (condo in Miami) for $200K in 2014.

Right now I’m not seeing homes that are economically viable for long term rent by the room if you follow the Cobb county ordinance.

I'm just telling him he's underutilizing his site by going one story and if he plans to exit he should plan around what an institutional level self storage purchaser will want. development is about exit or ability to exit and risk. in multifamily we build or try to build at least 150 units. not 40 or 60 or 80 there's no buyers.

Credit limits are based on past purchase history.

and they come in 2 types: the old 1920s which have great cur appeal, but are expensive to work on and the 1960s which are much more economical, but look like a shoebox. 

Generally speaking an investor collects rental income and signs a lease with a tenant whereas a flipper or developer shows "inventory held for sale" on their books and gets all of their economics derived from a SALE.