In the wake of the recent foreclosure crisis, many thousands of single-family homeshave been left vacant, providing an opportunity for investment purchases. Increasingly, these properties are not resold to new owners, but are instead converted to rentals in response to greater demand from households no longer seeking to buy their homes. This is the first of three case studies that examine the dynamics of investor-purchased foreclosure properties. The author looks at home purchases in Fulton County, Atlanta, focusing on the outcomes of foreclosure properties with specific attention paid to single-family investors attempting to rent out properties in low-income communities.