Forgive me if I quote this wrong but I so believe that I read somewhere that 30% of the transactions that took place in the last twelve months were second properties…meaning vacation homes or investment properties.  This is a great market to consider purchasing rental properties.  There is an auction coming to town at the World Congress Center the first week in May that will be auctioning off properties from all over the Atlanta area.  If you are interested, I encourage you to take a look at the web site.  This is defintely not for the beginner investor but if you have good credit or cash to purchase, this may just be worth checking out.  Most bids are starting at $1,000 for a 200K+ home!!!  Please read the fine print, these auctions are very specific on what is required (earnest money, financial requirements…).  SOLD to the smart shopper!!!