Investors may be able to enter this market fairly easily.💰 Final Thoughts on Owning Rental Properties in Memphis: Memphis can be a great market for rental investors.

Granted it is not a typical rental unit, but it shows an example of a maintenance/cap ex cost that is easily missed.  

What you're talking about - a full gut, moving walls and plumbing - will easily get you into the $20k+ range.Check out Jeff Thorman from Home Renovision DIY if you want tutorials on YouTube.

These deals have always cash flowed well, but these purchases were also made with the idea of further developing the properties.One property can easily be short platted leaving the existing 3 bdrm home and allowing for a home in the 400 to 500 K range.

Some people are absolute worthless SCUM and that could easily include this guy.

SF and MF will potentially perform differently in these three areas, so it depends on your plan.For example, a MF might cash flow better, but won't appreciate as fast and can't be exited as easily, so therefore is maybe a better choice for a long term buy and hold.

But if it should rent easily, you could be fine, just have to be strategic about it.

I see that most flips try and capitalize on these opportunities.With the crash, prices were hit so hard that one could easily find homes selling for a discount readily via MLS- something that requires very little work to access.

Pros would be the possibility of a bunch of business from it Cons would be you would be easily identifiable if someone wasn't too fond of you.Probably something I'd consider if I ever got to that point but I'd probably store the vehicle somewhere other than my house.

Obviously these could easily vary from investor to investor.