B- area or less, the sign notifies the neighborhood thugs that the house is vacant. 

And, if you’ve been in your house for a few years (or longer), there’s a good chance you’re sitting on a pile of equity — maybe even more than you realize.What Is Home Equity?

May allow you to get more rent vs the same house next door without a pool. 

I ended up closing on a duplex house this week with the intent to rehab the whole place.

(They did multiple inspections, also came for several full afternoons to just poke around the house while we were living there.) 

Quote from @Sarah Kensinger: Quote from @John Underwood: Wouldn't it be cheaper to order everything online and have it shipped to house?

Memphis has a pretty affordable housing market and tends to offer solid rental yields, which might align well with your goals.Let me know if you need any more info or want to chat further about this.

Purchase price: $160,000 Cash invested: $40,000 Sale price: $268,000 I bought my first house in Kalispell Montana as a long term investment and possibly a rental.

The first house that I bought was 17 years old, 3 br, 1.5 bath, brick ranch house with hardwood floors, Andersen windows, ceramic tile baths, gas heat and a brand new roof. 

As Vince said it is a quick guideline and won't work in most places with current interest rates and house prices.