If it isn't, sell and hopefully pocket some profits to invest in something else.If it is for you, you could repeat the process and buy another owner-occupant property and rent our your previous.

I’m in the process of stocking my tool belt with all the knowledge needed to take full advantage of my assets. 

I am in the process of researching this subject. 

She has considerable knowledge about company structures as well.

if your goal is cashflow, but you don't want to self-manage a STR or MTR, then selling to make that equity work harder for your somewhere else is the only thing that makes sense. q: would your time be better spent focused on flipping & letting that rental break even, or going through the process of turning that equity into cashflow via a 1031? 

Or - if you just need a little advice, here to help.Wholesaling is a fantastic way to cut your teeth in REI and see what others are doing with their investments, don't let anyone discourage you, just learn how to do it where you are correctly structured. 

@Alba Cheung You can initiate the eviction process yourself, by filing an eviction notice at the Fulton County courthouse.

Anyone know an inexpensive and reputable structural engineer? 

If you are comfortable going through the building process and have a builder that you trust you would probably get the best return by building on the lot and then selling and deploying that equity that you have now built into another asset via a 1031 exchange.

interesting to see, a bit different but any market has development that works. we do a similar strategy for new construction but it's based on land location and identification rezoning zones that are ideal for high density in columbus oh, and a product that does very well which we do a triplex on a slab. all the same. 50k for a lot, 300k hard cost build for a stacked 2/1 triplex about 650 sq ft per unit, appraises for $500k approx when done, total return of capital within 12 months (Build, rent, refinance, repeat), and then redo the same process. it's harder to do it in some areas but in columbus we mostly do it in the urban core where density is typically supported because of the abundance of multifamily already.