While having high standards is important, it's worth considering that many Section 8 tenants might not meet requirements like a 640 credit score or $90,000 in household income.

I think another trick is, can you get a mortgage or is it an all cash deal?

Also know that upon sale sometimes the presence of more water meters increases value.Curious to understand the forum's opinion on the best water meter configuration given costs OR if it’s just not worth it and I should leave the one master meter and stick with RUBS on all 4 units.

that's awesome @Tieirra Singleton I love those areas for real estate investing - there is so much potential for cash flow + equity build up.

My main aim of interest in real estate is to increase cash flow and overall build wealth that can replace my day job and give me more flexibility with my time.

There's a lot on the landlord side that you'll want to get caught up on and it will take some time to get your systems right but I think it's worth it.

We would like to create a partnership where we are 50/50 partners and he brings the cash and I bring the experience, knowledge, and contacts ect.

I took no money from the cash flow (when there was any) and I never made a late payment to the bank.This fall, nearly 12 years after the bank gave me that house, and over 15 years after I knocked on that door - after evictions, vacancies, insurance claims, and never taking a dime out of it - I sold that house and placed all of the proceeds in a 1031 exchange.

Couple this with the "Cash Distributions from Capital Transactions" clause and you begin to see the real problem.

Memphis has been a hot market for investors due to its affordable property prices, strong rental demand, friendly landlord laws, and steady job growth—all key fundamentals for cash-flowing investments.As an agent that always works with out-of-state investors, I know how crucial it is to have the right team in place.