Normally a $1400/mo rent will more than support a $100k house, in my area anyway.  

It's nice to see you coming out in support of becoming licensed, I just don't want to get ahead of myself.

If you let them out of their lease, would the market and property condition support a higher rent for the next tenant? 

If this is the first you're hearing of it, this program is spearheaded by Philly Office Retail to support the revitalization of the Germantown neighborhood of Philadelphia by providing mentorship, financial resources, and networking opportunities to residential investors.

It may have some influence, but it is equally (or more so) important that the property has adequate cash flow to support expenses as well as servicing the debt cost.

Thank you for all the helpful information and support its greatly appreciated 

Sorry to be so negative, it is just frustrating to be willing, ready and able to make a purchase and pay for the services of a professional support team but not be able to make any progress.I'll check out your site but fix/flip is not passive and I need a much more developed team before that is viable.  

Aloma,Thanks for the support, and advice!

Anyhow keep Memphis in your thoughts and prayers and keep supporting us.

It is great that they are supporting you and wanting to invest with you.