This is the result of a LOT of water damage and a lot of neglect.

Finally got the appraisal back. $297k appraisal.

As for the 50% rule, the BP Calculator also lists the 50% rule as part of the final list of info and I've been taking a look each time at what appears there compared to what I get when I break out the components individually... to get a better sense of both approaches.

So, I started a yellow letter campaign and have sent out about 100 handwritten letters to non-owner occupied properties. I got ONE call from a man and his wife that owned 2 lots of land (right next to each other) in a...

I've been trying to learn about REI over the course of the last couple of years and I am finally in a position to make it happen! 

Greetings.We are finally transitioning most of our rentals into working central AC units (we had 4-5 issues we're working through). 

I think we just have to accept that they will never be a 5-star giver, but 4 stars is still good.One final thought though, your post has me rethinking how I can communicate with guests.

Finally, keep in mind that every investor who has a cash flowing property in Memphis or other places will still have that after a downturn with no reason to sell.

Finally, you can get all your deals done the correct way through BiggerPockets.Congratulations and I wish you all the best in your real estate investing journey. 

All my investments are tangible and producing results to my expectations.