So, hopefully by now, you see that I'm not a realtor trying to sell you something. I'm going to give you some advice, and yes, it's even free. If you absolutely must live in Midtown or Buckhead, you're going to have to pony up for it. Or, you can do like thousands of other college educated 20 and 30-somethings are doing (like me), and be part of the gentrification and urban renewal that is going on in other neighborhoods (see list below). If you take a closer look, you'll find that Atlanta has more than 2 neighborhoods, where your dollar goes a lot further, and the return on your investment exceeds what you'll get on a Buckhead condo. Talking about condos, I've got 2 friends that have sold their condos (1 Buckhead, 1 Midtown) after owning for several years, and they didn't make a cent after all the selling costs, so why even bother? You should look at buying a house (which you can afford in these neighborhoods- a much more stable investment in it's own right compared to a condo, and you won't have to sell and move when you start having children. If you bought a condo now, chances are you'll be looking to buy a house 4 to 7 years down the road anyways, right? That's thousands of dollars in real estate transaction costs between selling a condo and buying a house- why not just buy the house? Neighborhoods you should look into are East Atlanta, Kirkwood, Grant Park, Ormewood Park, and Cabbagetown.
Oh, here's the website on the TAD: http://www.atlantada.com/buildDev/taxAllocationDistricts.jsp
Hope this helps,
You can contact me through my website and also get a list of discounted properties here: