North East Memphis

I am an ABQ native but have traveled the world and lived on the east coast for 11 years.

That also does not account for any other expenses, such as vacancy, make ready, PM, lease up fees, and reserves for maintenance.My suggestion would be to look for homes that are further north or east where you can likely get a better price and higher rent....Anna, Sherman, Celine, Van Alystene, Aubrey, Cross Roads, Little Elm, Denton, Forney, Princeton....Lavon.

The apartments are in the middle of a private U shaped driveway coming from the street and the house is outside the driveway on the bottom of the U next to barn.

I am in the middle of something similar.

Here are pockets I focus on for cash flow:West side - West boulevard, Cudell, Clark-Fulton, Jefferson, Bellaire-Puritas, Old BrooklynEast side - Fairfax, Buckeye-Shaker (the north side), Waterloo Arts District, Garfield Heights, Maple Heights, Newburgh Heights, Lee-Miles (the north side), BedfordHere are the areas that I focus on for appreciation:West side - Lakewood, Edgewater, Old Brooklyn, Ohio City, Tremont (above 490)East side - Buckeye-Shaker (the north side), Waterloo Arts District, Fairfax*I have a graded neighborhood map of these areas as well if you would like to check it out. 

Cleveland is one of the best cash flow cities in Ohio, but it can really go neighborhood by neighborhood and block by block in some areas on the east side, so you really want to lean on that expertise from your local agent / broker.  

A good QI will make sure all of this happens for you by coaching everyone involved; you don't need to become an expert or a middle man.  

I feel yours is overpriced unless it's smack in the middle of downtown with high-end furnishing. 

I'm not sure if you recall the sink hole in Seffner (East of Tampa) where a sink hole swallowed a guy in bed.