The provided a really nice place to live for significantly cheaper than renting a run down rental in a bad area.

If you are not willing to travel to place and understand the market you are investing you should not be investing there just because it is cheaper then your local market.

You can get cheaper properties closer to the center of Atlanta, but they'll require a more extensive rehab. 

It means they can help you accelerate the depreciation on the property, which will help you lower your taxable income  

However, you could convert the rental property into your primary residence, live there for at least two years, and qualify for the Section 121 exclusion to avoid up to $250K (single) or $500K (married) in capital gains, though depreciation recapture remains taxable.

Quote from @Amir Rahmani: Either laminate or vinyl flooring would be a good choice. since it's cheaper I’m not a fan of carpet at all, especially for rental properties.Thank you for your comments, Amir! 

That will give you the most income and when you house hack and it will be cheaper than a multi-family property. 

You'll usually have to pay something for PM if you don't live in the area, but still way cheaper. 

Insurance Proceeds and Taxability: The insurance payout you receive is not "free money."

In-House seems cheaper but more of a hassle and time consuming.