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

The absolute #1 question is:Do you own investment properties?

They can take time with their search and be more selective about a property’s location and condition.

We had to 'pierce the veil' and have an underlying partnership agreement, bank account in the partnership name rather than Land Trust name, but it did work out to open an operating account for each property.  

@Rud Sev Your Section 1231 losses from the sale of rental properties were likely correctly reported on Form 4797 (Part I) as ordinary losses, allowing them to offset all types of income.

Not sure how the STR is in the area yet, also have only had the current house for 4 months and still getting the property looking nice.

You can convert it into a self-directed IRA and buy investment property with it.

I saw an opportunity to position the property as a long-term rental for workers or residents relocating to be near the casino.

We've taken over from several other property managers, and the bar is pretty low in my opinion.

Learn issues buying tax properties.4.