This property in Anderson, IN had strong potential due to its low purchase price of $60,000 and a promising after-repair value.

@Evan O'Brien feel free to reach out..PM with your question about TSP loan.

Really reaching out today to see if anyone has a good recommended software they use for material list organization & construction management softwares.

keep going after it. run lots of numbers and do a lot of underwriting. feel free to reach out at any time if you need help in your market. these properties that are 3 units are rented and then a cash out refinance that not only makes money but returns full capital to the investor on DSCR loans similar to the interest rate you mentioned above. 

I created an electronic google doc time tracker: Time LogContemporaneous time log of rental real estate activitiesActivity DescriptionTenant recruitmentTenant screeningNegotiating and executing leasesOverseeing repairs and maintenanceCommunications with tenants and vendorsTravel timeResearch for potential rental real estate (pub 925)Acquiring rental real estate (pub 925)Paperwork/bookkeeping/bankingResearch and purchase of materialsRent collectionEvictionOn-site cleaningBill paymentOther:Time SpentDateMM/DD/YYYYSubmit

I have already reached out to several valet trash services that service multi-family residences in hopes they would also serve a single family home, so waiting to hear back about that.  

@Chris RossMemphis is a solid market with great investment potential.

If you need any help with the financing or have any further questions, feel free to reach out.

I'm doing research for a potential Air BnB property in the Covington area.

If you’re feeling uneasy about the potential headaches, you might consider a local property manager who specializes in room rentals or shared housing.