If rents don't keep pace with inflation, you won't have enough funds to cover these inflated prices.Rents and prices are driven by supply and demand.

I know I can reach out to some mortgage brokers to connect me with a private lender for most of the mortgage and then I would just need another lender to supply the down payment and renovation money.

Quote from @Adam Bartomeo: Quote from @Jay Hinrichs: U also are fighting all the investor who flooded int to build new homes for rental purposes so OVER supply.. and we know a ton of those got stuck with bad builders and are being worked out so supply is going to keep coming in ..

This means that if not another house was put up for sale, in 6 months, the market center would run out of houses to sell.In August of 2024, Greenville had 3.8 months of supply.

This low inventory will continue to pressure up rents.The sales market remains hot.Sales - Months of SupplyThere are about 1.5 months of supply for our target property profile.

@Kathy Diamond I'm not sure how to find that info but I know Memphis has ample of opportunities that meet the 1% rule

Alternatively, there is a fairly limited supply of people needing laundromats, hence the reason you don't see them everywhere.  

I brought him everything - paint, supplies, etc.

Yes, up, it's simple obvious supply demand metrics. 

I'd want to know more information to make a good recommendation, but it sounds like you would have a strong argument if everything else is the same except for location.MP tasksTenant Management:Showing properties, screening applicants, and preparing leasesWelcoming tenants and addressing inquiriesCollecting rent and managing evictionsProperty Maintenance:Cleaning, repairs, and inspectionsAdministrative & Marketing:Supervising staff, purchasing supplies, and promoting rentals (ads and website)