We could then determine your ROI on the capital spent.

After land value and construction, appraised for about $400k more than we spent (lot of sweat equity went in).

The income is spent on maintenance, utilities, etc., so they technically haven't lost any money but losses seem inevitable.

The one time I visited Memphis and spent a little time there, I wasn't very impressed. 

We are working on our second multifamily deal, which will cash flow $1000-$1400/mo.Prior to being an agent, I spent 20 years as an engineer.  

Seriously.Do you see Nike, send out DMM in colorful envelopes?

That being said, I've seen one of the best deals I've ever seen come from a friend that sent out 40 letters (literally spent less than $50 on marketing).

A little about myself, I spent 11 years in the Army flying attack helicopters and now have a fulfilling job as a Medical Helicopter Pilot which gives me a lot of down time to spend on real estate investing.

Preferably time and money well spent.

All I know is I would have loved to not have gone to college and instead apply that money spent to another rental property.