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Updated over 4 years ago,
$50k property with $800+ rent in Memphis - good neighborhood?
Off market deal that was emailed to me recently - in 38127 - I'm curious to know if this is a good deal or not. I'm looking for 10% to 15% CoC in solid B neighborhoods - the returns on this one look attractive but I've read before that anything in the $50k range is likely problematic.
Can PM details if that would help.