(or similar) you can easily get into other business operations that can change the flavor and business code of what you did.

I did ask the banker 'wouldn't I be at risk of the "due on sale" and he said maybe however it's easily solved by transferring the property back into my name personally if that ever happened'  Would be interesting to know if that has ever been tested in court.

Ceasar Blackman Keep in mind you canc hange the name of a company pretty easily.

The only situation where I would consider buying a property at that price with $30k gross rental income would be if it was severely mismanaged and I saw the opportunity to grow the gross rental up to at least $45k (preferably more) or if there is a feature/amenity that could be easily added increasing rental desirability and the ADR so the gross rental reached my goal. 

If you're a real estate investor you should know how to find such a person, the information is public and easily attainable on the net.The buying is easy, the sale is another story.

Without looking, there is easily a 10x price variation in that zip. 

A quarter mile can easily double values.

For those subsequent years, you are responsible.If they continue unpaid, then the tax commissioner (especially in Fulton County where everything is sideways) could easily auction the property again based on those unpaid taxes. 

If it does, you could easily run over budget.-  Do you have access to the cash? 

You can easily 'connect' adjacent spaces like the kitchen and dining to take advantage of the openness by knocking down the non-bearing interior wall between the rooms.