Alot of things have changed in 8 years, but some trial and error may reveal where this line is now.

@Ilona KovacsI've been teaching & coaching for 8+ years now on all things Self Storage - buying & operating an Existing Facility, Development & Conversions, and Raising Private Money too.As there is a fine line on how much self-promoting one can do on this forum, please either PM me or google my name on the internet. 

Hooray for finally taking action.I have a question for the Memphis investors, but first the details:I have come across a potential opportunity on a 4 bed/1 bath house up in the Northaven area off Watkins.

You may want to consider selling a stock that has lost value since you acquired it to offset the gain.unfortunately - you are not able to offset the capital gain by re-acquiring it.Did you look to see if you can get a line of credit with the Index fund as collateral?

Does someone have any recommendations for lines of credit, new construction loans, or private/hard money lenders.

So the basic financials are $281,900 purchase price, $100,000 rehab cost, then when this is complete the income of the property would be $850 and no utility expenses.I am planning on using the BRRR strategy for this property.My wife and my personal finances is I have $14000 in savings, $600 in another account and I have a line of credit of $40,000 with and interest rate of 7.8%.I have not exactly officially offered this $281,900 but I want to but before that I want to hear any opinions and things I may not have thought of.

The further west you go from RT 28, the nicer it gets.On one side, of the line the homes are all run down. 

-Coworker who went by the other day noticed the main toilet is leaking at the base-One tenant just emailed me saying the dishwasher won't drain and smells like deathThere have been previous problems such as the shower clogging (which I cleared) and the washer drain line backing up.

Meanwhile we have seen inflation year over year and property values have historically always retuned to the long term trend line (which we broke in 2004 and 2005 and went way above - your first sign of a bubble).

Quickly learned its completely 2 different areas and I want to be focused on investing, my goal is to get started in buy and hold rental properties to create passive income and financial freedom down the line.