The properties already in that neighborhood are going for big money not to mention the price for the new builds going up.I haven't been in contact with the owner yet but is there a strategy that can be used here?

I'm currently analyzing a property in a C grade neighborhood, where the 1st floor is a tavern and upstairs is 4 apartments.

Walked all of the units and they are in good shapeLocation: Good neighborhood. 

I'd say it's a solid area to invest but there are still pockets of crime in surrounding neighborhoods.

Purchase price : $80KMajor Rehab: $ 40k - $50 k (depending exit strategy)ARV: 170K-175KRent : $1600/month Neighborhood: ZIP 77062Median rent: $1800great school district ( 7/10),median home value $175k , average home value $219k. owner occupied 69% renter occupied 27%. median income $ 88k, average $ 117k. population growth 0.9%/YR crime: safer neighborhood (per trulia)Exit strategy: BRRR strategy: potentially 5k-7k profit after refinance, cash flow $100/month (including PITI, capex, maintenance budget and property management).

After the rebuild, the house will be over 2,500 SQFT and located in a neighborhood with $600,000+ homes. 

I'm looking at condos in the Buckhead, Midtown, Piedmont Heights, O4W, Atlantic Station, and Decatur areas (among others in the north/eastern part of the city - basically everywhere north of I-20 and east of I-75) and I'd love to hear everyone's input who may be more familiar with the city than I am, what are some (if any) streets/areas in those neighborhoods that are unsafe or I should avoid for other reasons?

It’s not perfect but it seems to actually match up fairly well with the closed rentals my agent has sent - in terms of neighborhood etc.

"I've been hoping to buy a house in your neighborhood.

I will be going with a national brokerage firm.