. - There is A LOT of development just blocks from the property including a new city park, a new student apartment complex, and a new children's museum.

I'm looking to learn as much as possible so I can develop a successful real estate business. 

Currently I work as a Software Developer, which I love to do and have always enjoyed doing, but during my years in college, I realized that working a full-time job will not get me where I wanted to go.

I removed personal info and info that identifies the actual property and people involved.

The list price reflects an old house on the biggest piece of land in-town, not a future development parcel.As a commercial appraiser, I do not have development experience.  

Even so, it does look like most of the increase in rentals is likely to be permanent, particularly in light of the fact that no economist or housing expect I know is predicting a return to the pattern of development and growth seen during much of the past few decades.and the biggest takeaway I have from this work, is that in growing, popular areas like Portland, even if the market shifts back toward ownership somewhat, overall demand will increase for both [ownership and rentals].

Any one had luck with multifamily houses in South Georgia or rural developments?

For example, create more natural light on the interior or develop a better drainage system to move water away from the home. 

My recommendation is to develop a solid budget that will allow you to send at least 2000 mailers every 4-6 weeks to the same audience for at least seven consecutive mailings.

Great first step to learning and investing.Consider developing your profile a bit, it helps other get to know you.Other tips, I highly recommend BP's Ultimate Beginner's Guide, it helps to form a general foundation in the industry.