Should I do this in Cordova, TN

[Sean Rogers]

My mother in law bought a house in 2006 for 170k that maybe is worth 140k today. She wants to give the house to my wife and I. She owes about 122k and I could refinance the loan and move the note down to $900 a month or so.

Does anyone invest in Cordova, TN and know what kind of tenants and rent you can expect?

I have two houses about 15 miles away but they are in Germantown, TN and attract the best tenants in the area.

Cordova scares me but I think I can make some money