But of course, the actual value will depend on a lot of variables - local market conditions, planned renovations, etc.

Competitive analysis is key—understanding your local market, pricing, and what amenities and features guests value will set you up for success.

Focus on building your credit score and networking with local investors early.

You buy the property, you give the tenant notice of a pending increase, they pack up and leave, then you spruce it up and rent it at market rate so it's a profitable investment.When egg prices double, do you think the local grocer cries in his coffee every morning about how inflation is impacting his customers?

For starters, where are you located and how is your local market? 

A neighbor finds out he is living there with a simple online search and burns your house down3 A neighbor tells the local news channel and they show your house on the nightly news 4 A neighbor find out you are the owner with a simple online search and they begin harassing you and your family where you live. 

You can also look up your local REIA.

Definitely need pics of the back yard and info about local area such as schools, attractions etc.  

Connecting with a local agent who knows the Atlanta market well can help you navigate these choices and find the best fit for your investment goals.

If you expect trouble, see if the local police will escort you, or do the job for you (in the event of evictions).