Each unit features 2 bedrooms and 1 bathroom, providing a total of 4 bedrooms and 2 bathrooms across 1,684 sq. ft. of heated living space.Key Features & Upgrades:New Roof for long-term durabilityFresh Exterior & Interior Paint for a modern and inviting lookNew Interior & Exterior Doors with updated locksets for added securityLuxury Vinyl Plank (LVP) Flooring throughout, combining style and durabilityFully Renovated Kitchens featuring brand-new cabinetry and quartz countertopsUpdated Bathrooms with new tiled tub surrounds, vanities, and toilet seatsNew Light Fixtures & Mini Blinds installed throughout the propertyComplete HVAC System Replacement for Unit 686 & New Condenser & A-coil for Unit 688Plumbing Upgrades including new water heaters, updated faucets, leak detection, and a cleanout drain installationSecurity & Hardware Updates with rekeyed locks, new smoke alarm batteries, door hardware, and cabinet adjustmentsNew Landscaping to enhance curb appealThis turnkey property is ideal for homeowners or investors seeking a low-maintenance, move-in-ready duplex in a prime Memphis location.

I have experience on the labor/contractor side- painting, installation, repairs, landscaping, staging for sale, etc.

So if I buy and renovate for $145K, I need the building to rent for $2900 per month or 2% Price to rent ratio.Using the gross rents and 50% expense ratio(Vacancy, cap ex, maintenance landscape/snow, taxes, insurance utilities), we are looking at a cash flow number of around $1450 per monthFrom this number we need to take off the monthly debt service cost on $150K @6.5% with a 25Y Amortization.so $1450 - $1012 = $438(cash flow after all expenses)I would use this number to see how long it would take me to recoup the money that I left in the deal($120K purchase and $25K reno)Take the actual loan amount $141K - Purchase and reno $145K, so there is $4K left in the deal.It will take you around 9 months @ $438 per month or so to have $0 money into the deal as the $4K left int he deal will be recouped by then.Here is where the compounding starts as you have no money into the deal and you repeat this process over and over while building equity year over year.All the best!

Assets identified in this study include:Recreational Facilities: pool and pool deckSite Utilities and Infrastructure: Utility connections, signage and site lightingLand Improvements: Sidewalks, landscaping, fences, parking spaces62.28% of the total depreciable basis was classified as 27.5-year class life.

Lease does NOT say tenant is responsible for driveway, only landscaping and lawn and tenants are required to carry renters insurance.

My advice would be to save until you have 20-30% for a down payment on a long-term rental in the median price range ($150K-$300K) and focus on markets with diverse economies and housing prices below the U.S. median for better affordability and stable long-term returns.

With that being said, I would target areas that have shown stable price appreciation in the past, have demonstrated population growth in recent years, and have a diverse economy with plenty of job opportunity.

They have Rent collection and bookkeeping built-in, combining diverse functionality in one platform.

This bodes well for long-term equity growth.Rising Rents: The uptick in rental prices shows a strong demand for rental properties and could lead to better cash flow for investors.Economic Strength: Reading has a diverse economy, with key sectors like manufacturing, healthcare, and education providing stability.Rental Demand: Low vacancy rates signal that people are actively renting in the area, which is essential for scalability.Future Development: Any upcoming infrastructure projects or new businesses could further boost the market.With these positive trends, it seems like Reading could be a scalable rental market.

Yours and neighbor landscaping?