House hack a 2-4 unit with the lowest down payment loan you could find. 3.5% FHA or 5% conventional.

In addition, a strong property management company will tackle all aspects of marketing, application, ensuring resident satisfaction, fair housing, handling late payment/evictions, renewals, etc. 

My wife and I got a duplex downtown and are house hacking one unit. 

It's growing rapidly and price of labor/ housing is dirt cheap.

Hello @Fulati,With that budget, I would look for houses in East Memphis, Cordova, or Bartlett.

You can buy a new house every year or pay your 8% down.  

Besides that, I have a credit repair and funding company that helps entrepreneurs get their businesses going.

This is where most people start getting nervous. And, honestly, it's for good reason. Having good residents can make owning a rental house a breeze, but bad ones can make it a nightmare. Fortunately, there are practic...

Took me 2 years to completely gut and re do everything in the house.

I replaced my old water softener with an AQUASURE from Home Depot, and it works just as well as the one I had before (which came with the house).