There are a million sites you can look at to get an idea based on more parameters.

Good luck to you and the other people on here that are investing. 

If a payback is really over 3 years it is not likely worth, but you can buy down to make your payback 20 years plus which of course is insane.

I used to ask the customer to provide me with a SOW.

Welcome to BP! 

You need to always be changing with the market, testing and poking to see what marketing works better and what does not work at all. 

Somewhere close to GA would be good to commute, in case if we have to make a travel to see the actual property.

Consider why someone would want to live there—proximity to work, schools, or other conveniences—and what amenities you can offer to enhance their experience.Key Amenities: Amenities can set your development apart.

In fact, a common colleague of Chris and mine worked with them for a few years but departed once he learned of the issues outlined above.   

If you come to me and say you super handy ready to take on a major renovation my answer will be different compared to if you come to me saying you need turnkey and 30 minute commute to NYC.