We closed on another property a week earlier, from a sign too (with owner financing too, but at 5%... less good but still good, since our spread will be approx $600 on that one too).

If it's an MLS listing, a renovation loan isn't looked at as a strong offer typically if there's others offers with more down or all cash.Some banks will finance a reno, but it's tooth and nail to get them to do it.  

Memphis has treated me well with my own personal portfolio, but so has Little Rock too.

Re selling on terms:  I would research SellerFinancing with a down payment and a note, understanding what the repossession laws are in MO.Work with a note broker.Stay away from rent to own w rent credits. 3% down as an option is generally fair, charging market rent is fair too.  

It had a lifetime residential warranty too.  

Here is the problem: The riverfront has a bulkhead that has been all but destroyed by flood, causing severe erosion.

I do not want to insult but it needs to work in my situation, too.

I also have experience managing the maintenance of multifamily properties to have an idea of costs that come up.Yes it is a bit more risky since the home is on the line too.  

I'm glad you found that humorous, I did too!

It's not absolute in any State, City, or Neighborhood - - it's relative from one specific property to another.the ratio of Net Operating Income (NOI) to property asset valueso clearly the operations of the property(NOI) will vary and the FMV will too.