I really didn't want to be a landlord, but a 2 bedroom would at least not attract large families/kids.

My intention is to help educate other investors and also to attract private lenders or JV partners.

The tremendous growth that Atlanta has seen in recent times has been attracting many people to invest here.

Once these basic items are taken care of, then you can determine how you will make the place attractive.

I've lived and rented here for 25 years but that doesn't mean I like the place or want to live here forever.The owner suddenly wants to sell and is kicking all the tenants out to try to attract better offers from prospective buyers.

The market is good there the home is in need of less than 20k in repairs to be very attractive and comparable to homes that have sold and are for sale at 315k-340k in the neighborhood.

Personally I'd rather spend a bit more money to make the property a bit nicer than the competition and "hardened" to attract a better tenant.  

@Na R. if you're searching for private money, there is the Marketplace here you can post on to attract lenders. 

Every couple months I make an appointment to pick up the rent in personal and do a very quick visual inspection on the property. 

If you don't have the funds to do what is necessary to attract new renters at the new rate (new carpet, fresh paint etc.,) you might have to play it a little different.