In this area, market values hit around $4.95 million, giving you a solid 131% ROI.

I am still searching for a solid and well run property management company in Memphis, TN. 

However, calculate whether the investment—purchase price, legal fees, potential eviction costs, and rehab—still leaves room for a solid return.Risk vs.

You are better off finding a solid property that needs light cosmetic work (paint, floors, or maybe even a kitchen or bathroom remodel), buy it at a decent discount and put 25% down or more (this is when you get best rate terms). 

It could be a solid route once you've transitioned away from your corporate job, but it's tough to juggle flipping while working a demanding W2.

Diana, you’re absolutely right that finding a solid team is crucial when investing out of state.

However, if your time is limited or you don’t want to deal with tenants directly, hiring a property manager can make your life much easier—just be sure to choose one with solid local experience.Are you currently house hacking in Chicago?

I have come to the realization that my calculations are not as solid at I once thought.

Right now, you have a property with a great equity position, solid cash flow, and cheap debt (interest rate is low). 

Make sure every investment is solid and that you know how to manage them well.