Memphis has become a "household name" in investing so its far more likely to suffer from a run up than a midwestern city you buy a turnkey in. 

Remember the work is being funded by the insurance company and the increase in premium you will have after a $25,000 roof claim is nominal compared with a $35,000 roof claim.This Youtube video was put together by my area Community Association Institute chapter which is an industry group designed for condominium associations that provides best practices for property managers.  

"The stock market's continued rise and steady hiring in most markets is spurring significant interest in buying, as well as the expectation from some households that delaying their home search may mean paying higher interest rates later this year."

@Kim Younkin according to the ASPCA:Approximately 37-47% of all households in the United States have a dog, and 30-37% have a cat.You could argue that less renters have pets or that pet owners are not good tenants, but at the end of the day at least a third of your potential renters will have a pet.

The tier system takes into account: Average unemployment rateMedian household incomePercentage growth in populationAdjusted property tax base per capitaPoverty level, age of housing stock, proximity to adjacent county employment, employment sector concentration, at risk industries, ... these data points are not part of the tier ranking algorithm.

We're a single-income household, so my salary won't support buying a 3rd $350K house, but I'll have a fair amount of cash on-hand and want to invest it into another rental. 

IRS allows you to calculate donations at the "fair market value" but it must in at least good condition, something tells me stuff left in an trailer for 5 years with no utilities on would have little to no value.See excerpt from IRS Publication 561The FMV of used household goods, such as furniture, appliances, and linens, is usually much lower than the price paid when new.

Hi Audrey:For land oriented (non condominium) residences with one to three rental units per home, we have had great success with Rob Faulkner (google Re/Max Hallmark and his name for a contact number). 

And the use-cost of placing the filing principals' address(es) for your LLC if you want this entity form to give your business (and you and your household) the asset protection (separation and anonymity) the LLC is designed to do.  

Those tend to sell quite quickly as the average household income can support those ranges.If you're contemplating partnering up and investing here in San Antonio please feel free to message me.