Purchase price: $236,000 Cash invested: $10,000 This October, I began renting out a property that I inherited from my mother, creating a steady cash flow each month from the rental income.

While dropping the price did generate some showings, it might be worth holding steady for now to avoid the perception that something is wrong with the property.

Both offer affordable single-family homes, and they’ve got strong rental markets with steady demand.

Plus, with the steady demand for rentals, you’re looking at potentially lower vacancy rates and consistent rental income.The job market in Memphis is also pretty strong.

And appreciation was modest - steady - but modest. 

Condos can be steady and safe, but will not have the appreciation potential that single-family homes have, but also come with less maintenance.

For us our largest challenge is finding a steady stream of high quality leads.

He was recommending to save for a year and rent out my current residence and then purchase a new one and continue this strategy until I have steady rental income.

.- Mobile’s low cost of living and doing business provides a desired aspect to renters that can’t be achieved elsewhere, which provides a steady influx of renters thereby decreasing vacancy rates.

With demand outpacing supply, we expect rents to continue rising.In terms of the sales market, we saw a similar slight slowdown in days on market compared to the hot Q2 but prices are held steady.