We all survive and I have enough $ in the bank for my mortgages to be covered.

Ultimately though it comes down to what you and your partner want to do.

Some of the people may be friends or extended family that is hard for her to control, but she is ultimately responsible for.Would you rent to her again?

I ultimately finished crunching the numbers between this spreadsheet, the sellers 1040 forms, some minor things needed within the property for expenses, and purchase price. 

Ultimately it depends on what you feel is right for your circumstances right now.   

The high vacancy rates in apartment properties in Memphis may be due to economic fluctuations and demographic shifts; however, they create a favorable environment for potential renters to find affordable housing and for rental owners to innovate and improve their offerings, ultimately contributing to a more dynamic and resilient housing market.

I've read over James Wise's Ultimate Guide to Grading Cleveland Neighborhoods but at 7 years old it's surely a bit dated.

My partner and I now find ourselves in a strong financial position to start our RE investing journey and have set our sights in New England, specifically Rhode Island due to the excellent natural environment and our desire to ultimately relocate there long-term. 

Start with BiggerPockets Ultimate Beginners Guide (free).

Our grandparents didn't invest under an LLC, and they survived.