As I've informed most of my clients, due to interest rates and overall market conditions, Atlanta has become an appreciation-based investment market unless you're implementing a creative strategy such as rent-by-the-room, STR, MTR, etc. 

Assuming the house is in great condition and previously well maintained throughout, then as needed work will probably be okay assuming you have the experience to discern what needs basic handy work and what needs a specialist.

The property had a main house that was in livable condition, but mostly original from 1986.

Are you wanting to rehab the unit to bring in more rent or is the unit in a condition you're satisfied with now?

Frankly, even local: the last 3 properties I bought were all in close to move-in-ready condition, because currently, I can't get enough discount on a property in a desirable area to pay for the necessary repairs and upgrades.The radical solution: move to Cincinnati, even the playing field and become a local investor.

Is it still possible to achieve success in this current market condition?

The roof is new, and the foundation is in good condition.

Depending on condition: $765,000 - $900,000

Basements are essential for value in Wisconsin so I look at sitework costs and land conditions very closely. 

Juan,CU can be tough when it comes to guide lines, overlays, DTI, credit, property type/condition.