After checking the comparable sales (ARV) in the area, I found it to be $126,667, with an estimated renovation cost of $58,000.

The reason is the rent-to-price ratio is good so you can cash flow, and most of the West side doesn’t have a Point of sale inspection which is really annoying.

Unlock the Power of Cash Value!

I need money before seminary because I have had some very powerful and evil people use witchcraft on me.

However, I could use the profit from the sale for the new home.

Your cost basis per sale will be 10 x $3,690/acre cost or $37k.

I cringe when people say "it is all the same" and just buy the cheapest stuff on sale at Home Depot. 

And fun fact, most states exempt groceries from sales tax, (again, actual groceries that are whole food, and not processed).

This is an example of a non-appreciating "asset". https://www.zillow.com/homedetails/785-Dallas-St-Memphis-TN-...Sold in '01 for ~$10kSold in '02 for ~$55k (That's awesome appreciation or an unsuspecting buyer geting ripped)Sold in '04 for ~$61k (I would suspect foreclosure sale here as it quickly sold again for substantially less)Sold in '04 for ~$21k (This is probably it's actual value and someone in '02 got ripped off)Sold in '23 for ~$26k for an appreciation of ~24% over ~twenty years that's roughly 1.2%/yearThis is a random house on Zillow: https://www.zillow.com/homedetails/766-Neptune-St-Memphis-TN...Sold for ~$98k last May and sold again last week for ~$40k.

HOAs and their attorneys had all the power and used that power to bully homeowners into compliance while simultaneously gouging them horribly with exorbitant fines and fees, then foreclosed on the property if the owners refused or weren't able to pay up.