Sounds like it might be doable, especially since you have already experienced what it would be like.

"Estoppel" means what is sounds like.

We realized the screws we were using were too small for the door hinge and we just had to finish that small bottom corner.1/26/25 - We went to Lowes and picked up some 1 1/2 inch door hinge screws (sound in the screw/nail section) and went back to the rental.

It sounds like you have an un-permitted unit, which is essentially always a risk since there has been no notice to the AHJ that it exists and they can therefore initiate a code case to have it removed in most cases.

From what you’ve described, it sounds like you’re more focused on long-term appreciation and future benefits rather than immediate cash flow.

Overall, it sounds like 21% occupancy rate at about $200 per night.

I have 3 MTRs in the same neighborhood as you it sounds like.

Multifamily rentals are a great way to achieve financial freedom, and it sounds like you’re on the right path.My advice?

Let’s say just a roof repair and a little bit of dry wall and paint and replacing some door jams and baseboards.

Sounds like the property is in Memphis, there are a ton of PM companies out there who will do this for you.