So the question is whether your house is a good rental investment long term.

I'm curious of the current market demand for student housing and appeal to rental investors.

Paying those things benefits you because they facilitate STUFF exiting the house. 

You can have two houses within a quarter mile of each other with vastly different ARV and rent amounts.

Poor or No Communication PlatformsEffective co-living communication platforms are characterized by:1) usability2) accessibility3) commitment of involvementThis can be done through house email lists, whiteboard, group texts, etc.

Usually in the year following your purchase, the property appraiser will reevaluate the house based on the new sales price.  

The houses would be looking at I'd imagine would be about 7 to 800 k taxes would be about 4K hire a year.

My friend is selling his house and is open to an assumable mortgage.

Thankfully we are commercial bank clients so our rates are as low as you can get in the market place for anyone who is not Lennar or DR horton or those types.Do you pre-sell houses without hedging a percentage of the supply?  

Hello @Fulati,With that budget, I would look for houses in East Memphis, Cordova, or Bartlett.