Another thing is that I would also look to purchase a place that in the instance of any regulations against short term rentals in GA, could still cash flow at least minimally in case of a sudden forced change in strategy. 

This applicant would lose 10 points for indicating in person or application that there could be drama or other issues.

The purchase price compared to rental prices seems to be right, providing about a 5-8% COC return with minimal to no rehab. 

If you want to categorize I'd say B class is rents from $1100-$1800/month in Phoenix - at least that'd be my definition, along with an area that doesn't look blighted (minimal/no graffiti, decent cars, etc).What price range would  you target (i.e. $140k-$225k)?

It seems quite "safe", albeit with minimal value add. 1) Any advice how to determine the value of your first offer? 

The expense to facilitate this is minimal in the big picture.Franklin

All "booms" very minimal at this point as I said, but all of those are more infant than Atlanta is right now.

Best you could do is narrow down the comp situation, then possibly consider a wholetail/wholesale play, and if you do, you make sure you have a contingency in your contract tying up the property that you can get out of the deal with minimal, ideally no, damage

Jeff Rabinowitz consider using different deposit accounts to minimize confusion.

Remember these numbers are just guidelines and points to consider so you minimize surprise expenses.