Quote from @Crawford Peay: Hey just wanted to jump on here and introduce myself My name is Crawford Peay, I am located in Memphis TNI help investors buy and sell properties along with managing their portfolios in Memphis and the surronding area!  

Sad to say, but i let this property go.

Purchase price: $130,000 Cash invested: $9,000 Sale price: $185,000 I did not have the knowledge then to keep the property and pull money out to complete renovations to another property we purchased a year after this one that required a complete overhaul.

And my rental cash flow went from only $1500/month to 19k/month profit by taking on more loans and harvesting the equity in some of my properties including my primary.

I am assuming by your post that you are financially invested and own the property. 

You are 18, you shouldn't be ready to buy a property yet.

Purchase price: $160,000 Cash invested: $45,000 My parents my wife and I own the property next to this one.

.: Its typical for real estate investors to hire a private home/building inspectors to inspect a real estate property before they buy it.

When I inquired about the property it was already bid up over $100,000 asking price (still lower than sme other properties I saw - $140k/unit).  

There is a lot to consider before you buy your first property.