As a beginner, it's easy to underestimate the costs and overestimate your abilities.

I dove into personal growth, learning how to be better in relationships, medicine and life.

So you could bill tenants at $6.24 per unit.The other crummy way the County bills for water:  there is no online portal for bill retrieval and if you lose a bill you must contact the city to request a water billing history. 

The way to think of it is your ability to solve a problem for the seller.

The area that I plan on purchasing in(Northern Kentucky) is also increasing in value quite quickly so I believe that there would be a solid amount of appreciation over the next two years due to the growth of the city(Cincinnati).

I've lived in this city since I was 5 and it's been exciting to see the growth and changes that have happened and that seem to be in overdrive throughout the area over the past few years.There are definitely places to find good cash flow in the area but if you're wanting to spend lower, areas 30-60 minutes out of the area like Ashland City, Clarksville, Columbia, Hermitage, Dickson provide the best deals. 

If your friend owns it, get a bill of sale from him or her so you have proof of ownership.

@Brian Corbett I know very little about Greenville but if it has any compelling growth drivers such as big employers moving in or a burgeoning tourist area, I would definitely be interested in hearing more.

I would have assumed that since the tenant owed 7k for rent, you would subtract the security deposit, then add damages, and send him/her a bill for the total.

I would 100% be focused on the Midwest and other cities that show growth, but are not being flooded by investors.