They all lead to a significant negative monthly return due to one or more of the following reasons:1) Asking Price is too high2) Traditional loan rates (FHA and Fannie Mae) are too high and affect total debt payment3) Existing rents are too low, so loan underwriters won't approve.4) Market Rents aren't high enough5) I would like to use the minimum down payment with FHA (3.5%) or Fannie Mae (5%).So, from all of these attempts, my understanding is the only way to make a house hack work in this region where I would at least breakeven on a monthly basis, is to purchase at a significantly lower price, lock in a nice creative deal or bring up my down payment to at least 20%.

The exceptions where you need to keep the bill in your name are when they are combined between units like your water and also utilities provided by the municipality or municipal authority.

I see a lot of investors tear a deal down to the studs when they just need a cosmetic rehab, and then they are underwater on the deal and aren't able to exit without losing a significant chunk of money.

That's because most appraisers aren't actually looking to determine a real value for the property, but rather just looking for justification of the already agreed upon purchase price.

You shouldn’t ever have to visit the property if you aren’t self managing it.

You aren't ready for what you are trying to do because you are looking for cash flow in Memphis because the sale price works.

For 46240 there aren't as many leases and sales but you can expect the numbers to be just slightly higher.

Deposits will not be returned (full or partial) until all tenants move out.In the event of abandonment, arrest or death, the following person has the authority to decide when to terminate tenancy and how to store/distribute my belongings:Name: ____________________________________________________Address: ____________________________________________________Phone #: ____________________________________________________

They aren't a legal department. 

If you want to find off-market properties and aren't marketing, find the best off-market home buyer in your area and ask to go through their scraps.Local homebuying companies can talk about the other four homes they bought on the block from people the sellers know.