This one will be a buy and hold in Memphis, TN.Numbers look like this:Purchase price $122kConventional 20% down and financing 80%MAIN HOME: 4 Bedrooms, 3 Full Baths, Living Rm, Dining Rm, Hardwood Floors (Currently rented for $ 1,300 per month - Current tenant for nearly 2 years)Updated Electrical WiringNew Heat and Air ConditioningNew Exterior Paint New Interior Paint Refinished Hardwood Floors Remodeled Master Bathroom (12" Tile)New flooring in kitchen and diningNew Light Fixtures throughoutNew Doorknobs throughoutNew Blinds throughout Large Updated KitchenAPARTMENT 1: 2 Bedrooms, 1 Bath, Full Eat-in Kitchen, Large Living Room (Currently Rented at discount for $ 725 per month to same tenant in 1 Bed Apt (Typically rents $ 785/ mo).

He said he is going to tell everything to whatever agent I choose to use to represent me, "really fight for it" ( I don't know what he wants to fight here) and said he documented everything that he showed me about the house. .....

He is a great guy and can help you with marketing if you so choose!

I have a handyman who worked weekends and evenings for me fixing small stuff, painting, fixing leaky pipes etc.

(2) But counterpoint to (1), I've read (on this web site, no less) that a responsible investor tries to paint as complete a picture as he can during his pro forma, therefore it is prudent to include the costs of the PM.Please note: I live abroad and have for a few years.

I do a lot of painting in Tri Cities .

Even if I keep full, when someone moves out I have to go in and do something, touch up paint, clean the fridge, paint a window sill etc.

I was looking for something just a little shabby that could use a bit of landscaping, painting, maybe a light fixture here are there.

Keep in mind you will probably have to pay a Realtor commission if you choose to work with one.????

I just got a letter in the mail from the city saying I was in violation of lead based paint.