We have enough cash on hand to do the renovations, but will need to wait for the lease to expire at the end of August. 

In other markets, like Augusta or Kansas City, diminished inventory and buyer activity may make a sale more strategic.

•Parts of the Southeast (like Birmingham, Augusta, and Columbia SC) – Steady growth, investor-friendly markets, and favorable laws.Since you’re buying cash and focused on spread, you’ve got great flexibility—so it really comes down to how hands-on you want to be and whether you’re staying local or going out of state.I’ve been active in a few of these and can share contacts or thoughts if you’re exploring specific markets.

I own in Nashville, Knoxville area, and Augusta. 

I'm glad I've been spending my time in Augusta and Macon!

., you) will surely be better and easier to deal with, not default, not tear up property...Significant financial benefits like lower cost leverage, smaller down payments...Tax benefits like no Section 469 passive loss limitation, tax-fee imputed rental income, easily deductible mortgage interest, Section 121 exclusion, possibly loopholes like 280A(g) aka the "Augusta Loophole"I'm not sure homeownership is always a great investment.

For example, many of my clients establish their own property management company taxed as a C Corporation to take advantage of opportunities like business reimbursements, the Augusta Rule, and sponsoring a Solo 401(k) to build retirement savings.I recommend working closely with both a knowledgeable tax professional and an experienced asset protection attorney to ensure you're maximizing both your protection and tax efficiency.

Looks like you're in Augusta from your profile.

Check the forums here on BP for a place near Augusta. 

(TLDR summary of Section 280A: You don't get to deduct expenses of a personal residence except to the extend you have income.)Note: Section 280A is also the chunk of tax law that creates the home office deduction and the Section 280A(g) exclusion which is better known as "Augusta Loophole."