@Jorge Vazquez I'm in St Pete for the season (Jan-April) up from FMB.

You can find plenty that look good on a spreadsheet, but the maintenance on an older home along with the pool of tenants that you are renting to will evaporate the "cash flow" very quickly. 

If the house is older than 15 years old and an ADU is added, it can become rent controlled.

Quote from @Nedim Tokman: Hi Stephanie, I hope you are enjoying the holiday season.

I know this is an older post, but are any of you interested in meeting up in person and getting something going? 

I generated the list by combining Zillow's smooth, seasonally adjusted home value dataset (ZHVI) with their rent index (ZORI) for metro areas.

If you have an older home that requires a lot of maintenance, you probably want to avoid the manager who charges a markup.I recommend shopping around occasionally to see if your PM is procuring fair pricing or just marking you up to make money without justification.As for expectations, you need to read the PM agreement and understand what is charged and why.

Usually an issue if older door is salvaged and new locks are installed that don't quite match up with the old door strike plate location.

I’m back now and looking for some guidance on an idea that caught my attention.An old high school friend of mine has been buying older houses, either renovating or tearing them down and rebuilding, depending on their condition.

Let's connect be great to have a seasoned agent up in Memphis!