It sounds like you’ve got a solid foundation with your rental property, and I love the ambition behind your plans to build a property management and maintenance company—it’s a great way to take control of your investments while creating additional opportunities.Best of luck to you! 

You’ll need to handle inspections, work with housing authorities, and make sure your tenant screening process is solid.

I think you have a solid basis to sue them for all of the damage - though getting them to pay will probably be difficult.I only asked about them being related to you because such a situation can cause awkward moments at the next family reunion!

- then you should be able to make a 15% work if you have solid credit

Memphis is definitely a solid market known for steady growth and affordable housing.

Gene is solid.

My PERMANENT portfolio is my SDIRA; I try to buy more solid performing notes that I won't need to work on (although they haven't all panned out that way...). 

DBIt depends on your goals, but generally, a long-term rental should ideally provide a solid return on investment beyond just breaking even.

Solid, no-nonsense approaches.

The property is in a solid area where Neighborhood Scout puts it at the highest rating for appreciation, predicting 40% appreciation over the next 3 years, and we'd look to refi or do a HELOC in 3-5 years to realize that gain, and I'd probably buy them out with my portion at that time.