This home would be somewhat of a "pet project" as opposed to a pure great ROI purchase, but need to be sure it could at least have some monthly cash flow. 

Also curious about east/north knoxville, but I dont know enough to feel comfortable with those areas yet.The idea is to repeat the process (maybe without us moving each time, the next one can be a pure investment property) and buy one every year.Input/help/guidance is welcome from those who have already travelled down this path.Also, would love to hear about specific experts (lenders and contractors) who you would recommend.

But if you are looking for pure cash flow, turnkeys are the way to go.

I use a local CPA who charges based on pure contingency. 

@John Gach If goal is purely return, then I'd say go and invest into duplexes, triplexes and quads.

Hi @Abigail Kilgore,The decision is purely based on your comfort level in doing so.

I’ll buy the $80 dinner and enjoy it with friends , because I can and it brings me joy.

The not insignificant joy derived from business ownership.The reasons are therefore obvious: there’s money to be made, the investment is relatively safe, and we have control over it.Where: We started searching for properties in areas in Massachusetts we knew relatively well… Waltham, Watertown, Arlington, Medford, Malden and Everett.

Historically, very few purely socialist entities have succeeded.

Nice, is there a plan to remodel or update any of the units or is it purely a hold and wait game.