However, before I tout my personal opinion I believe it is necessary to list several of the pros and cons first;The biggest PRO is that you can literally rekey the lock yourself in less than 30 seconds.

I feel like my biggest hindrance is saving enough for a down payment.  

There may be bigger players in the Memphis game (the biggest of which never even returned two VM's I left) but you won't find the kind of quality and service you will with Curt.

I think the biggest advantage to real estate(if it works out) is the leverage.

My biggest questions is whether or not a pre-closing inspection would have discovered the issues with the water meters and the funky wiring?

All very true      Let's face it to some real estate agents are just nonresponsive and lazy     Although my biggest beef is because the house was not priced correctly and it begin setting      In my opinion that is the most important thing a realtor does as a selling agent     The longer the house sits the less you're more than likely going to get    

My biggest concern is how to make the ceiling look straight...the very first thing you see when you look up is a crooked piece of crown molding.  

Like most people by biggest hindrance is financing.

That is the biggest stumbling block I have at this point. 

I'm sure of my skills as far as rehabbing the property, it's finding a lender that's proving to be the biggest challenge.