I am a tax expert, but cannot advice on tax relevant decisions until we've completed and signed a full client engagement letter and I have a full understanding of your situation.I'll give an example from a client of mine from last year with the names changed to protect the innocent of course.   

And, not relevant in other states but it's always good to get different perspectives. 

There is no reasonable investment that will kick off a relevant enough amount of money to bother with a $5,000 investment.

Someone paying closer attention will be aware that they're just going to refinance whatever they buy in a year or 3, so the current rate is not actually relevant to anything, what is relevant is being able to buy with less buyer competition. 

@Charles Kimber okay if the tenant is month to month their current lease is less relevant assuming that it could rent for more, however $234k for Atlanta is getting into properties that generally don't make good rentals period, someone with more experience there correct me if I'm wrong but isn't the sweet spot something like $150k-$175k, so perhaps better to look at as a flip.  

What he paid for rent, and whether he always paid on time has zero relevance when it comes to damage deposit.

That is both exceedingly obvious and also not very relevant because we're not talking about putting the exact same property on the beach or a block away from it. 

@Mike D'Arrigo I'm very much a numbers guy myself and always consider the relevant data points in any real estate-related decision I make.

Relevant link. 

Specifically finding out the current Owner of the property and any relevant information pertaining to purchasing the property?