Based on the extra $275/month - I'm looking at about a 12.5% ROI but even if we don't command that and pull off $750/month, we're still looking at over 10% and more importantly a better quality tenant situation. 

I think I might get my real estate license and sell some houses on the side to bring in some extra income so I can get into the game for myself.Looks like that might be my best option for getting the capital needed to move forward.

@Steven Young, I have attended an auction (Dekalb county) and what I could realize is: As it is a redeemable deed State You gonna buy the property and only will be able to gain possession of it after a year (redeemable period) - also going to take some extra days to deal with the foreclosure process.

They've also took an extra month to remove a delinquent tenant because the Virtual Assistant "felt bad" for having to not renew a family, even though they weren't paying all the rent.Instead of insulating the owner against any management issues, they're basically forcing me to manage the situation--which defeats the point of Property Management.Thus, I'm paying the same amount of 10% management fee for a service that's gone severely downhill.Am thinking about switching.Question:Anyone have any recommendations on who I might talk to for managing SFHs in the Cordova/Germantown area?

The master bathroom is still down to the studs and we currently don’t have any extra funds to throw towards it.

Even properties that are usually $40k-$50k will usually require some extra capital for repairs (as well as closing costs).

An investment like that can typically yield 6-8% passive cash flow per year, with large returns in 5-7 years when the asset is sold (typically about 8-10% extra per year, paid at refinance or sale of the property). 

How much is the extra value in todays dollars and can you validate it by talking to a developer.3.

SFR, 3/2 + "extra room that can be used as a bedroom" 1300 sqfPurchase: 56KRehab: 4kARV: 70kRent: $800 (according to PM, but I think it might be closer to $750)Vacancy - 8%Repair - 8%Capex - 8%PM - 10%P&I - $270Insurance - $50Tax - $90Cashflow - $120 ($100 if using $750/mo)Deal or No Deal?

Some tenants will do so if they have extra incentive.... such as cash for keys.