I know how busy this will be, which is why ideally once we have 3-4 properties, the maintenance of the website, advertising, and property management will become my full time job (my wife will continue to work to provide some steady income during the transition)For your 4 questions - those are all excellent things to look out for and they are things I would not have thought to ask.

I don't have excel and it seems to be the only option that I can see.Thanks in advance!

However, got a willing tenant with an excellent credit score and everything willing to sign up for a year lease.

Happy to answer questions to see if we're a fit. 

There is an apartment building adjacent to it, and this lot would make an excellent spot for another. 

Quote from @Rene Hosman: The average vacancy rate in Austin, TX is currently hovering around 15%.The best thing to do is to chat with agents in any market to see what real estate investing model fits your vision!

I would recommend chatting with many different contacts to see what fits your vision for real estate investing in Memphis because there are always pros & cons to every investing model and you should know what your options are!

Let me know your scenario  so I could offer options that might fit.

If you downsize the bedroom to a point that buyers can't fit a king size bed with night stands, I would not do it.  

He then said this program wouldnt be a good fit for you.