Memphis has a pretty affordable housing market and tends to offer solid rental yields. 

It's very very affordable and well worth the investment.

Appreciation would allow us to get out with a modest profit, but I’ve posed going Section 8 via the Affordable Housing website to my business partner.

The 2nd just told me she couldn’t afford it because was taking care of her father and going to school.

Is he in good health?

There is no way that resident can afford a 500 jump, and I ended up losing thousands of dollars.Real estate is a business, collecting a future stream of revenue, and you need to be in control of the revenue and expensesGino

The home buying process typically follows these key steps:Assess Your Finances: Review your credit score, savings, and determine how much you can afford for a down payment and monthly mortgage payments.Get Pre-Approved for a Loan: Work with a lender to get pre-approved, which gives you a clear budget and shows sellers you’re a serious buyer.Find a Real Estate Agent: Partner with an experienced agent who knows the local market and can guide you through the process.Search for Homes: Browse listings and visit properties that fit your criteria (location, size, price, etc.).Make an Offer: When you find a home you like, submit an offer through your agent, including contingencies (financing, inspections, etc.).Home Inspection & Appraisal: Once the offer is accepted, hire an inspector to ensure the home’s condition and the lender will order an appraisal to verify the property’s value.Secure Financing: Finalize your mortgage by submitting required documents and ensuring the lender clears you for closing.Closing: Sign the final paperwork, pay closing costs, and receive the keys to your new home!

Based just on income and rent, he can't afford the unit long term, and he likely knows that.

Of course, the final amount depends on additional factors like credit scores, DTI, LTV, and current interest rates.Check out BiggerPockets’ Rental Property Calculator to see if you can afford the investment.Financing OptionsFinancing most real estate investments requires a loan or mortgage.

It stands out as a small metropolis with an affordable housing market, good job opportunities, and easy access to nature.With a median home price of about $259,817, Huntsville ranked 26th lowest in our analysis.