If you can manage to keep up with the real estate market in these markets that we have come to hit, and still be able to navigate the unchartered waters.

@Edreco AmosMiami’s market can be tricky for cash flow since condo fees and insurance costs can eat into your profits, especially with newer buildings or those near the water.

And do you have a certain area of Memphis/KY that you're interested in and/or a price range of properties?

While replacing the toilet, a burst pipe caused Cat 3 water damage that rendered large part of downstairs kitchen and upstairs bathroom unavailable and cordoned off for repairs .

This puts the current market rents of $885–$925 per unit well within the affordable range, with room for modest increases post-renovation.I’ve also reviewed competing properties in the area; apartments seem to be listed between 975 -1000, and houses are listed between 1300-1900.

You want to make sure you aren't muddying the water and making the tenant think they have longer to get out.

If anything’s not up to code, you’ll need to fix it before they sign off.As for costs, you’ll have permit fees—those can range from a few hundred to a couple of thousand dollars.

In other news, water is wet.

If you wanted to do a 1031 exchange down the road to use that equity and trade up then that'd be a good idea.The homes I’m looking at buying are in the 330,000-350,000 range.

Generally, homes closer to the water are more expensive.