If OP's "friend" can use this opportunity to solve the FTL problem and beyond... that's much more innovative than picking up a part-time job.

I'd love to pick up one just to have a crash pad while we are down there.

The pickings are going to be really slim or non existent to find a SFH in the Ocotillio area. 

It happens all the time for multiple reasons.I’d say a typical tenant stays 2 years in a house and maybe 1-2 in an apartment, depending on class

Hudson, Auction.com, Xome, HudHomeStore.com, RealtyBid, Hubzu, etc.But there are always bigger players like us that get access to them before they are listed anywhere, so you're picking through leftovers via any of these methods.For the most part, "listed REOs" is a dead market being bid up by every newbie so there aren't many deals to be found there. 

@Colby Mulry Depends on your overall financial situation if you'll need the additional protection a LLC provides.Search 'LLC' and pick from the hundreds of topics that exist on this issue to read.

@Mark WilliamsThe valuation of commercial asset (which your 24 unit building is) is driven by the NOI of the asset, the building class, the cap rate for that asset class in the area where the building is located and thit is very different from the purchase and sale of residential properties for which the value is determined by the price other people paid for similar properties.it is important to look at the P&L statement for the building you are looking to purchase and verify that it accounts for the expenses and income to work out the true NOI.The NOI divided by the cap rate and divided by the number of units would give you the price you should expect to pay.That price per unit will vary depending on the class of asset it is.Class A commands the highest price per unit and the lowest cap rateClass D commands the lowest price per unit and the highest cap rateNot the precise answer you were expecting but hope it helps.

I'm definitely a big fan of the BRRRR model so I would say you've picked right.

Hi My fellow BP members,I am a out of state investor trying to find a decent cash flow SFR in B+ neighborhoods in Montgomery  and one of the turnkey provider has a property in Lynndale 36116.It's at 80k sell price and cash flow looks decent but based on my initial research on the neighbourhood it looks like C class based on median income and employment statistics. 

Does anyone in the Middle TN area know when the next REIN meeting is, or just any real estate meeting/ class?