We also own a rental property.

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

Awesome job with getting a cash flowing property!

@Angela Simon, If it wasn't your son there is a small chance that your accountant would let you purchase the 50% of the property you don't own. 

Now I am inheriting a huge fixer-upper in Dallas which we will probably live in for a few years after it is repaired.My ideal situation with REI is to buy and hold multiple properties while also flipping a few per year to supplement our income.

@Celli Mowery looked at several properties on Zillow in Mt Vernon, not seeing anything attractive.Also, only a single rental!

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!  

.: REI nation is a reputed turnkey provider but they just sent me pictures of the property and asked me to choose.

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.

Great, there is a lot of guides and resources on managing properties here, and analyzing deals.