If you have to provide negativity with your comment, then please refrain from commenting This is my personal opinion but nothing he said was negative.

@Robert Quiroz I think all of the factors you have listed might contribute.So I’m not going to comment on that but I am going to comment on an assumption you made.If 85% of rents are below market on deals you underwrite then those contract rents are probably THE market rent.You can’t just go based upon area median income to rent ratio.First off urban areas are oftentimes street by street, block by block.

They offer a demo too, so you can see if it is exactly what you are looking for:)Just a small note to keep in mind as you are starting out, making connections and looking for deals, keep in mind how you are presenting yourself. 

However, if you're looking for some steady cash flow in our market here in Memphis, single family is going to present you with a ton of opportunities that the multifamily market may not.

Im presenting myself as a honest and transparent person looking to build relationships and learn the process of flipping a home.

You have a friend, He will rent it in its present condition as soon as you make it available to him for $90 per month. 

Thanks for all the comments/input.

Columbus & Dayton are great markets for investors but present different types of opportunities.

Read some other comments - I guess it is technically a cash out refi, but you're paying off a line of credit as opposed to putting the cash in your pocket which is what I typically think of when there is a 'cash out refi'.

When it comes to a lifestyle property, it's another ball game and all the comments you wrote make total sense, especially for people who like similar things in life.