Hey Jem, always down for beer or coffee, just hit me up.I'll give a few things here from experience that I routinely look for when first observing a property. 

Yup, that has been my observation as well.

The goal is to act appropriately right now, based on your observation of the place we are at this moment.

@Charlene Byssainthe I'm not familiar with the ATL market, but it looks like you already have great advice on that realm in this thread, my only other point of observation and what I'd instantly want to check on is what are the local rules around licensing and taxes with an Air Bnb. 

Most investors in my observations are doing it anyways, though.

Regarding final punchout projects, that may free up some of your time but it also gives you an opportunity to observe the almost finished product to help maintain quality control.

A tenant recently let me know that they observed an oddly high water bill. 

There are many legal formalities that must be observed prior to eviction. 

@Collin ChanMy observation exactly.

Also, observe who the tenant is and how they take care of the property.