The return on a property from 90k-150k in Memphis isnt that drastic. it might be a good exercise to see what a slightly lower valued home can get you.

Many places won't do controlled burning exercises anymore due to the unknowns being released during the fire, lead etc. thank the enviro nuts for that.

Not sure if you're target area is dense enough, but riding a bike is much cheaper than driving around looking for homes, and you get some exercise in too.You can also use google maps street view to check out properties and then cross reference what you find with real, up-to-date data.

Cons : Seller  could POTENTIALLY put the house under water or make it non-transferable should you chose to exercise an option or eventually purchase the contract.

I need to (1) tent the property asap, (2) do landscaping to remove trees that are damaging to the roof, (3) take measurements of each unit so that I can begin plans to remodel, (4) determine whether to exercise the kick out option or do a novation on Tenant 1.  

I leaned over,  looked her in the eye, gently touched her arm, and said:  "I'm so sorry,  but your mommy is the reason you can't live here anymore."  

Inform her that if her ESA is disruptive or causes undue financial or administrative burden on you as the landlord, or disrupts the right to quiet enjoyment of others in the building, you have the right to deny her and/or evict her and you will exercise that right. 

It was an interesting exercise seriously considering it.

What you will see with any of these exercises is negative initial cash flow for retail residential downtown SFR to quad for higher LTV loans. 

Currently, I am a Senior Communications Planner that forecasts and implements communication infrastructures in the preparation and execution phase of large scaled military training exercises.