Additionally, upgrading the finishes can increase the value of the property and make it more competitive in the market.

Hey @Trevonta Crawford, You could try but I don't think it would be worth your time.

Other options I would consider is renting each individual rooms (this generally increase the monthly cash flow vs renting to a single person).

I feel that if both parties understand the risks; if real estate investing is their business, if both parties are sophisticated and experienced investors, and both decide the risks are worth taking, then subject to can be a workable tactic.  

Whether it's renovating older properties, converting unused spaces into rental units, or adding amenities like laundry facilities or parking spaces, there are numerous ways to increase the income potential of a property.

Might be worth seeing how flexible the price is.Cypress has a newer Duplex/4plex community...the numbers won't work as a traditional rental but might make sense as a house hack.If you look further out...there's a new construction neighborhood in Sealy (Westward Pointe) with lots of incentives that I've sold a few homes in...the appraisals mostly have come in much higher than the purchase prices.

While it's challenging to predict future rental increases with certainty, historical data and trends in the Memphis area can provide some indication.

Is it worth taking the time and money to get them out, spending the money to prep the house for a new tenant screening a new tenant

That way you can increase your income by 10-15-% without increasing your occupancy or having to worry about what type of guest you’re getting because they’ve stayed with you before.

Investor needs to somehow recoup their initial investment of $29k + whatever would have made this deal worth it for them.Heck, maybe I could just do 50/50 partners and hold the properties for life together and still be $0 in the deal.