I was definitely on the fence about this one for a little while before making the purchase, but there were a number of attractive features that ultimately led me to move forward with the purchase.

If the water bill is $100 a month, increase the price by 20% (or whatever you decide is fair) to compensate you for the time required to split and bill and to cover additional use when tenants squander the utility.

And in order to defer all tax you must purchase at least as much as the aggregate net sales price of your properties.These all can seem daunting but in my experience exchanges are more successful than not.

Now, moving forward he offered for us to take it over completely.

I'm not very intimate with the markets to the north and south, but I would start looking at price to rent ratios and decide what type of rental type and terms you want to invest in.

Happy to give you a quick background about the market.The median home price in the MSA is about $350,000, but you can find plenty of rent-ready properties in suburbs north of the Tennessee River for under $250,000 or under.

I’d love to hear how other landlords have navigated this situation and what worked for you.Looking forward to your insights!

The price-to-rent ratio makes sense from an investment standpoint, but further research is needed to identify whether those respective areas will prosper.

Quote from @Christopher Price: Quote from @David Rutledge: Hi everyone, I am as told to post this question here but I apologize if it’s out of place. 

Looking forward to get more familiar with the platform