I get it if you want to take sub to just long enough to clean it refurb and sell but as a long term investment strategy its STINKS.

I would assume the purchase contract has a clause that states title is clean and there no encroachments.

Their biggest challenge was finding a reliable cleaning crew, but once they built a team, everything ran smoothly.Let me share another example.

A clean U&O means the Seller doesn't have to do anything.The home inspector is a different issue.

But using that mindset, so is landscaping, plumbing, or clean out during turnover.

If you warned them and they didn't clean things up that could be a reason. 10.

I don't think the fact that prices have gone up 5 years in a row is a good clean indicator that they will continue to do so, if it cashflows today and I can hold it for 20 years inflation should do most of the heavy lifting for me. 

Don’t know much about Memphis as a city itself though, I just know crime was a problem back in the day, is that still the case or is the city getting cleaned up and growing?

Why do you have 24k in cleaning fees as expenses for an STR?

Tons of deferred maintenance and a lot of work to do to clean up this mess.