So I'd expect these would be somewhat inferior neigborhoods and more challenging tenants, which is something you need to be particularly cautious about in Memphis.I'd do my due diligence carefully, and try to talk to some current owners that have multiple properties and have owned them for a few years.

Just be cautious and it will be a fun journey.Upen Patel, Mortgage BankerVA, FHA, Investor Loan SpecialistNational Lender, Federal NMLS# 1374243

I have not ruled them out...just being WISE & CAUTIOUS.

Yeah, I'm very cautious about trying to look at worst case cashflows and worst case expenses... 

Just need to be cautious and have your proformas have a view what could happen and how long you could ride out that storm.  

Ultimately, unless you are well versed with credit card, I would be cautious.

Need to cautious and think of a long term return.

I would be very cautious of someone who filed bankruptcy and had it dismissed they are usually in a very bad position.

When I first posted I got a reply John Q and he mentioned get her out quickly without the mess of court unless I am 90% sure that I will win otherwise the CA courts are tenant friendly.I spoke to few lawyers and I felt the good ones all suggested that I need to fix the problem (I knew roof was leaking, it hasn't been raining so there is no leak in the last three months or so) and then need to replace the sheet rock.Since she talked about the mold, I want to be cautious about getting licensed inspector to come and check and go through the remediation process with them, that way when I go to court they can see that I am proactive in fixing and am concerned, which truly I am.

I'm cautiously optimistic about Ryan.