You have property taxes of 2000  and insurance of 276/yr (which seems low).

@Allan Figueroa If you are buying small multi unit you could do it in your own name and get an insurance policy.

Check Rentometer and Craigslist to get an idea of rental rates, understand how to calculate all expenses (especially how to look up property taxes and get insurance quotes), and interview multiple property management companies.Hope that helps and best of luck!

Install shelves under your kitchen/bathroom sinks, even if you have to make cut-outs around the plumbing.

Title insurance and escrow will probably be around $1,500. 

If you are looking for something to estimate costs for a rehab I suggest using this book that is used by insurance adjusters to estimate replacement value on items.

If that payment doesn't include taxes and insurance, you need to add that into your monthly expenses, as well.

She owns a retail store and I own an insurance agency.Would be willing to do out of area investing deals, but need volume in order to make the cost of a management company feasible and my $100K probably won't stretch extremely far on its own. 

Hi Memphis Investors,I have a question about Insurance in the memphis area. 

call your insurance company.