@Chris Tracy that was how I was doing it plus looking at comparable rents and looking at per unit cost.This property: Built 1982, shingle roofs 6 buildings, only amenity is a pool-Property is 75% newly renovated-It IS distressed as the vacancy was in the 20%+  range when I heard of the deal-a new management company has been in for 4 mos and has raised the tenancy to 88% currently-it is in a suburb of St.

I want to make the best use of my limited resources but am very willing to work.Is anyone familiar with Chris Bruce's Direct Mail Domination?

I just don't currently have the know how of what is involved from the capital raise to the legal standpoint...Hoping to learn more on this subject....best regards,Chris

If you are wanting more of a hands off investment, I'd contact @Chris Clothier with Memphis Invest.  

@Mark Nolan  @Dmitriy Fomichenko @Chris Seveney @Larry Fried @Justin WindhamThank you all for your thoughts on this, it’s all very informative.

Hi Chris,My advice to you is to find a local real estate agent who is willing to give you housing information in the area you are looking to invest.  

Hello everyone,My name is Chris Porter.

Chris Mason You mean by a HML?

@Jon-Erik Tucker I always look at schools as a part of my due diligence.

Chris, it may seem daunting, but if you don't find a CPA as @Russell Brazil says, this could be hard so close to tax day, you might want to try Turbo Tax, they have a program designed for investment property.