A collection of freestanding condos in my neighborhood, Butternut Condos (featured in this old WW article: https://www.wweek.com/portland/article-23993-hotel-california.html), is zoned CM1.

Are these properties in Class D neighborhoods? 

That's a good thing, but it's not like the neighborhood is improving and the rent is increasing.It's a lot of cashflow, and a lot of headache. 

I came across a SFH that fits my metrics as far as buy and hold.

So glad you've discovered Bigger Pockets early in your real estate investing journey...sounds like you've already developed a great plan to break into real estate in ATL.A few tips that may be helpful to you here on the BP website:You can set up keyword alerts so anytime someone posts about Atlanta or any of the specific neighborhoods you're evaluating, you'll be notified.

From what I understand, I need to be in a place that’s safe, with good schools, good neighborhood, etc.a.

The cap rate is lower, but I am weighing that against less CAPEX and better neighborhoods.

But like I said...it can be an awesome option if it's the right fit!

I also, can continue the eviction if the bank doesn't carry it out.4 bed 3 bath 2400 sqft with over an acre of landpurchase around $205k  ARV of $360-400k with an estimated reno cost of $50k The Unknown:for being an REO Occupied property, there are no interior pictures so I was only able to see the one picture of the exterior of the home (luckily enough I live a mere 15 minutes away and can check the exterior and neighborhood better)Connecticut has a crumbling foundation issue with many homes (crossing my fingers but also researched a little bit to make myself feel better)How much reno will be needed? 

It all depends on your personal goal and type of properties (neighborhoods) you are investing in.