In fact, we even replaced her brand new heater.

Strong property management and careful tenant placement also play a critical role in success here, so I recommend partnering with a turnkey company or an agent who specializes in these areas to make the process smoother.As for rental demand, homes that sit for extended periods are often the result of issues like pricing, condition, or tenant quality—not necessarily a reflection of the market as a whole.

Playing for cash flow still, but also a little for appreciation and the single families typically dont require as much hands on work on a weekly basis (mowing grass, shoveling snow, etc.)Everybodys niche will be a little different.  

. $250,000 for 1,600SF isn't outrageous, but you could probably do it for cheaper.If I were building a brand new home, I probably would skip a basement.

. $150 labor and $100 for a brand new toilet all day long. 

Unfortunately, ther'es no guarantee, because there are a lot of variables at play here.

I would consider it, but living and knowing the Memphis market, the purchase location plays a big part.I see that this was posted in 2010, so I am assuming you have had many replies and probably don't have the property any longer.Tommy DouglasTDHomes4U LLC

PLAY YOUR CARDS CLOSE TO YOUR CHEST.

I am wondering if my first steps (past the education part) is to build a network of people who know, like, and trust me through posting content like newsletters, articles, podcasts, doing webinars, going to events (aka build my brand), or, should I first find a deal and then raise capital?

I spent quite a bit of time in the Jackson area playing MRA, JA and Prep back in the day.