This indicates a shift from a seller's paradise to a more balanced market.Median Sales Price Holds Steady: The median sold price for residential homes sits at $469,998, reflecting a modest 1.9% year-over-year increase.Fewer Bidding Wars: Though sellers are still receiving close to list price (95.6%), the intense bidding wars of the past seem to be fading.

There doesn't seem to be any movement in the 2-4 bedroom cabins as far as I can see.  

This seems like a bad idea. 

That would seem like a better option, assuming you have the cash for the down payment.

Are there specific standards or common practices that seem to set certain areas apart?

Mostly just went with my gut I bought it during a crazy time single family homes are being bought only hours after coming on the market I had the choice between this house and another the other was slightly bigger with a basement in the porch but the roof did not seem bonded in my Spidey senses told me there might be Foundation issues in mold due to a smell while inspecting the house admittedly the house I bought is 950 ft has no basement and is a two bedroom one bath with a detached garage How did you finance this deal?

My current tax preparer does not seem to offer much of a strategy with regards to real estate and long term planning. 

Seems like you still have a good situation. 

Reading everyone's posts it seems my best option is to keep my current house for now and use a HELOC to invest in real estate. 

Based on data from Rent.com It seems that in the ATL metro area , a 2 Bedroom property could rent between $1500 -$1600.