I'm in NW Indiana- just on the chicago/indiana border. 

I am just trying to make sure I dot my i's and cross my t's as this is my rental. 

I am just trying to make sure I dot my i's and cross my t's as this is my rental. 

IE if the property is in the city of Memphis proper you have county and city property tax  so investigate that a little bit.. if you buy just out of Memphis like just over the border in MS tax's could be lower or as stated out of the city limits.rule of thumb you dont need to drill down into these numbers  napkin math is simple for rentals. you will have about 40% to 50% of your rent  at 1200 and under go to the proper care and feeding of your rental.if its less over time great job you get the upside. 

We took the opportunity to invest for the long-term and BRRRR this cash-flowing property right on the Oakwood border!

@Damaso Bautista Think we got our wires crossed, when did the mortgage come into play here?

On the college rental side, a storm blew down a section of the bordering privacy fence.

Called my bank about getting the next deal approved, so cross my fingers everything goes to plan and I can move onto the next deal!

I hope you continue to do well in our state capital and maybe one day our paths will cross and I'll buy you a drink for the rant I had yesterday at your expense.

In law has separate entrance only common areas shared, large backyard, recently remolded very nice, granite countertops, laminate flooring, stainless steel appliances, large master with bath, convenient location...The flaws... 3 bedrooms but one is really small only fitting a twin bed, It is on a very busy street, is in a C class area but borders an A class area, in law that I stay in is attached and carport fits cars only in a single line...I have also been considering just hiring an agent to fill the vacancy and then self manage..