Are you saying you use 8 percent of monthly rent for CapEx, Maintenance and vacancy combined or 8 percent each?  

C and B- neighborhoods seem to have a good combination of lower home prices, but still high rents.  

Even though we have a good combined income and 20% down payment, both our names are on the existing two mortgages and they are in 15yrs terms.

Didn't mean to imply that this was unique to Memphis; only to state there is some higher end flipping going on in certain pockets of town.Congrats on doing that in four markets!  

Please send one my way- I've been temporarily "banned" from connecting for some reason.I do have a unique deal I'm working on...1.1 acre lot with a tear down mobile home on it.Wondering if any investors might be interested in buying?

Great question as Baltimore has a unique ground rent setup.

I think each persons situation is unique.

I haven't figured out how to follow discussions.With the asking price being less than market GRMs then you likely have one or a combination of the following:1.

Tips: stay away from unique properties, rural properties and have some cash of your own.Expect to go around 80% loan to value for the purchase and have the rehab money put in escrow and paid to you AFTER the work has been completed.  

@Nick Colamarino - We aren't Tampa either but have some unique visiting opportunities.