Is that accurate?

I want to say its like a C neighborhood (not sure if there's an actual site that'll tell you more accurately).He already has a team in place and I'm pretty much just taking over his property and its pretty stable.

They are in Fountain Square, Crooked Creek, and Forest Manor/Audubon Gardens.I normally see expense ratios sitting around 40-50% for SFH's, is this accurate for this area? 

This is not accurate.

It’s just a gamble.  

Generally, using comps that are over 12+ months sold are not reliable to be an accurate reflection of current market values.

After 45 years investing across many asset classes, many investment types, and everything from lowest risk to outright gambles, I think I finally know the answer.The biggest divide is between investments in which operational control over that investment is with the investor, and investments in which control rests with another party.  

Most importantly is the information that is fed into the tool (along, of course with accurate calculations).I analyzed so many deals that myself or my partners were not inclined to pursue, I felt the time/effort shouldn't go to waste.

As a full time investor/wholesaler in Memphis TN I would say if the numbers are accurate then it sounds like a good deal.

A local real estate agent with MLS access and market knowledge will be able to provide the most accurate rent estimate.