Those costs can be mitigated and delayed to a later date, but that raises the initial price you pay for the property.  

Most houses that are up to date and in good shape are selling for $90-105/sqft in this area.

Ask for the date and time of the Foreclosure auctions.

I use an online property management tool to manage it that I have found to be helpful.

The one in the redfin link, show that:sold date:   3/30/2018sold price:  $290,000Total Rent (inside the listing details):  $3,250  ($900 + $850 + $750 + $750)For long term buy and hold, it meet the 1% rule requirement. 

You had to pay $99 a month to have access to the office and some online platforms.

I stock pile these items when on sale to use at a future date.

If I am paying 75kish for a house in Memphis, which I have done, I want the house to be almost entirely new as far as mechanicals and big ticket items go.If it’s dated or not rehabbed I’d pay less.

Go online and check the Franchise Tax Board a d IRS to get detailed info on what you can do.

I found him online and will give him a call.