In many of the rental-friendly areas of Memphis, their loan product often results in out-of-pocket costs of less than $10,000 per property, which can significantly boost your cash-on-cash return.

friends who moved into Dormont so that seems to be an area on the rise.  

My friend who just bought a place across from me, as an STR/family vacay spot, can't even find anyone to insure it, except Tower Hill at $13k/year!! 

Shortly, after joining I was able to help a friend that was in sticky situation with his home and also helped another family with theirs.

The biggest cost variables are structural surprises, electrical/plumbing overhauls, and environmental hazards (asbestos, lead, etc.).

.🚗 Operations Management – I spent 10 years working with my best friends as an Operations Manager for his families high-volume auto accessorizing company where I mastered my craft.🏡 Real Estate – Eventually, I became a licensed realtor and landed a position with a top-producing team at LIV Sotheby’s International Realty in Breckenridge, CO.

My own Solo401k funds and borrowing private money from a friends Solo401k were my initial capital sources.

And while nothing is foolproof the most consistent method of finding good vendors is relying on OTHER real estate investors that have worked with those vendors.

Since you’re open to out-of-state investing, there are definitely some great opportunities out there.A few things that helped me:-Finding investor-friendly agents/property managers who actually understand rentals.

Eric,Without going into too much detail on each line item, at first I use my back of the napkin method with a 40-50% expense ratio.