Just east of Music City!!!

I’ve seen this play a few different ways and wanted to lay out a few different options.

Hey @Greg Jackson, I am looking, but I'm discontinued by flipping work in my home market and am seeking a new niche to play in. 

But as a diversification play - I like that it's bricks, not paper.  

Capex is wildly variable, but I'd go with at least 3.5%, playing off the 27.5-year depreciation rate for residential properties...but that's only AFTER the initial period, over a very, very long period, if you are tightly controlling costs. 10% is more reasonable, and some years, especially early on with delayed maintenance, it'll probably be 100%+. 

MFH was playing on my mind as well.

I’ve learned that sometimes in order to get what you want, you need to play the firm ***** card and hold people accountable to their word.  

If you plan to play the role of the 'hands off' money guy, I think you can get away with not being at the property, but I would not recommend it. 

.$10,000 can barely cover the cost of a $100,000 real estate purchase assuming 3.5% down and another $6,500 that goes towards closing costs and 6 months of reserve that the bank will require.I would consider saving up another $10,000 before considering a real estate purchase, atleast this way you would have more playing room with what you can buy and having more contingency funds.

Here is where my question comes into play.