Others do great with it but it's not for me so you will have to decide at what level of involvement do you want to have in real estate.If you want to go Section 8, I would go ahead and contact them for information.

As with many hot markets, good deals tend to go quickly so it's best to have a financing partnership/plan in place ahead of time.

Anyway just a heads up, based on your tax comment, Memphis can have city and county taxes depending on where you buy.

There are several posts here on BP that will enlighten you on strategies you can use to pay down that mortgage ahead of schedule [more aggressively] if you like.

Being a newbie I'm still green at the due diligence process, but thanks for the tip, I'll be looking in to those on the future purchases to anticipate the proper repairs ahead of the purchase. 

If, for example, your property went up 12-15% and then dropped 10% you'd still be ahead as long as you bought "a deal" that makes sense in the current market.

You have a huge task ahead, to recover from devastation, and you will recover!

Go ahead and shoot me a message and we can discuss further.

@Rachelle Rayner, go ahead and contact Nate Miller (message me and I can give you his phone number and or email address).

You have great opportunities ahead of you, and thanks to partnerships I'm getting my start!