@Robert Anderson -  Honestly, I haven't had enough experience with most of them to give you a professional opinion (personally, they are great people but that doesn't always translate to great business people) so you'd be better of asking others who have multiple rentals in Memphis - Especially other OOS investors.We had our first rental with Crestcore and they placed the best tenant with us, but we haven't had another rental in town so I can only share that experience.Let us know when you head back this way.

Equity doesn’t translate into making monthly interest payments....your equity is irrelevant to this.

I'll be talking to that seller as well (via my friend who will translate) and taking notes about the state of her home.Any of your 3 scenarios to acquire are sound.Just my 2 cents.

Alter, Esq.Eagle Premier Title Group, LLC

Example: purchase price = 199,000monthly gross rents = 265550% of 2655 = 1327Mortgage payment= 8051327-805 = 522 estimated cash flow monthly Cap rate 7.9%With 50,000 down, that gives me a cash on cash return of 12.5%I realize the 50% rule is a very basic estimate any many things can alter this, but do my numbers seem correct?

I am an active investor in the capital markets which I believe would translate well to the real estate market.

You are simply looking at ability to pay.White collar job, high income does not translate to trustworthy only measures ability to pay.

My crystal ball is cloudy on what that will translate to in additional insurance cost.  

I'd like to translate this background into more income/opportunity as an agent.

page=402Looks like what you need is an "interior/exterior alteration permit".