I'm not very intimate with the markets to the north and south, but I would start looking at price to rent ratios and decide what type of rental type and terms you want to invest in.

So this reason I rented the unit.

Second pro is that you get to lower your living expenses or live "rent free" by having your tenants pay for your mortgage payment.

If you can make it look good in photos then you can list it for rent.

I do my best to stay on top of the renting laws as an agent who works with investors on a daily basis.

Don't let them choose for you.Just inspect what you expect....Also I would talk to housing office in Memphis to get a feel of how many people are on the Section 8 waitlist, what kind of rents they pay, what zip codes are they targeting, see if they have any stats about how long tenants stay and average rent.While a lot of people try to look at google street view to get an idea of the neighborhood, there is no substitute for visiting in person.

Not to mention, the right system will enable your tenants to pay rent online, have a tenant portal, and all the other features that both tenants and owners need this day and age. 

hi. try radiators on the bottom walls in every room except the kitchen. try increasing the rents. try talking to the clients about the heat situation. try removing the heated baseboards. do something before something happens to you!

The tenants currently rent for $950 which was their stagnant rate the last few years.

What rent collection software do you recommend and why?