Hey Aaron,Bigger pockets is a mentor filled with people who are willing to help if you ask the right questions.I would change your perspective from what you want to what you have to offer as quickly as you can, because most people don't really care about what you want to be honest.This article will help: http://www.biggerpockets.com/renewsblog/2014/02/24...

I just read this whole thread and as a newbie myself, this has done wonders and really puts things into perspective for me.

Everything freshly painted, curb appeal and ready to show. 

Getting my license provided me a large amount of quality insight into the real estate world (granted, from the salesperson perspective), in a relatively short amount of time that I could build upon.  

Make sure you test an inconspicuous area first to see if this recipe does any damage to the stone.Someone spilled butter on my freshly installed granite counters, and this trick pulled the oils out of the counter for me.

I was more talking about from the owners perspective my comment really had very little to do with the renters perspective except when I said they may overpay on a volatility basis (which I highly doubt most people price out that way anyway) but did not say it was not worth it. 

Hopefully (from a buying perspective) things will cool down in the summer when there's more inventory. 

While I have not always been looking at it from a real estate perspective, I know the region and how to cater my properties to what the consumer is looking for. - We have time on our side.

From a personal perspective, recently been looking into various south east locations as a prospective owner (I live in Atlanta) and Memphis is one of my target cities (along with Nashville and much of Florida Gulf Coast).

The 2nd "lowball" offer will put things into perspective for the seller...or he or she will get pissed and reject both.