We’re looking to perhaps add a level to a single story and were hoping for a recommendation.

It all depends on your personal comfort level of risk.

@Sherry AddyUnless you want to be a landlord in memphis after three years, you should rent. i also own fifteen sfrs like @David Hutson and @Caleb Heimsoth. the values in memphis today are back to 2006 levels. when the market crashed, it has taken twelve years for areas to come to par.

Account ClosedIncome taxes are normally not calculated in cash-on-cash return calculations because everyone's tax situation is different.For sake of comparison - the cash-on-cash return should be comparable on a level playing field.Person A - $100 return on a $1000 investment.

,I'd like to start off by saying I am very impressed at the varying levels of expertise represented on this site and that I only wished I would have learned of all of these opportunities earlier.A little background on myself, I 32 years old, a Texas Native (Houston Area) and for most of my adult life I have been employed (comfortably) in the oil and gas industry.

Option 2: get a house with an in-law suite. 5 Bedroom 3 bath. 20k down, PITI would be $1200 get roommates for the upper level to live with me $350-400/month (goal would be 3-4 roommates).

Again, very cool on many levels as a parent.

If you get lucky and there is some urban renewal that eventually takes place then you'll have decent appreciation or at the very least you could exit by rehabbing the houses, placing additions, whatever it takes to get the house to full retail level for whatever is going on around you and then exit.But if you look in Wichita at a couple of neighborhoods that will never appreciate and have never appreciated - Plainvew and Hilltop - they'll only appreciate if they take a bulldozer there like they should have/were supposed to after WWII/Korean wars ended.

I organize a meetup in South Minneapolis that has been going very well and gets people from all experience levels. 

Knock down brick walls at least 2 feet below ground level.