I know that seems high, but maybe $4000 per month is too high for you to rent the house.So backwards applying the same formula ($5100 / 4 = $1275) tells me that you should be paying rent of $1275 per month to your landlord and you collect $5100 per month from your tenants.Your profit margin is too slim.

Her availability is slim but last I heard she was hiring more cleaners.

And the odds of one of the other 2 properties still being available after you negotiate the firsr and it falls apart are very slim. 

Quite frankly I know of no one that will lend money to an unemployed investor with no experience and no capital, let alone lend 100% of purchase price.Your chances of your #1, finding a below value property with a motivated seller and being able to get it under contract are slim to none.Your chances of #2 and #3 are none.You need to establish experience, capital, and income before you invest.

I'd say if you're going to refuse to do business with people based on things they do or have done that you disagree with then your pick'ns are gonna be slim.

I may sell a property and carry the note myself, it's with a neighbor (a couple, a detective and an IRS agent) okay, what's the risk (slim and none for me as they are asking for the deal).

Sure there are plenty of houses in Atlanta to look at, but the inventory is going to be slim due to a larger competitor base and many more institutional investors sucking up the homes.  

@Anthony Angotti is pretty much spot on with his 100-200/door cashflow outlook on rentals ... and as an out of town investor, you'll have to eat a management fee too, which will slim your choices even more drastically.Would you consider moving up into a small apartment building?

Condos can be profitable but the margin is slim and hence one or two overages or unexpected deals can eat up your profits quickly.

thanks @Dawn P. Ill