Memphis generates good cash flow tho.

At the time he sold it, $650 was the average rent - which have since increased.I dont know how to underwrite it since there is no income currently being generated and I dont understand what comps could be used.

It depends on the location of the facility and the demographics of the market as to how many late fees we typically generate each month.

Since you're paying for impressions on there instead of clicks, a small budget can generate a ton of interest. 

I personally have invested a small amount and have generated over 1,000% return in two weeks.

The oversimplified math is you can generate $1,000 in gross per month from a $60k investment, that is great.Since it is deeded separately, have you looked at having it set on its own utilities?

You very well could be generating $10k in cash flow per month, but on your tax returns after all your deductions you might only be showing a net of say $5k, and the bank my only want to look at that $5k as your qualifying income.

Account Closed for getting an accountant as you'll have to generate K1s for each of the partners.

I just turned 18, I have been looking over real estate and brainstorming over the past 9 months + and wanted to figure out the best way to kick start my career being so young that I lack actual experience but I am looking for ways to get ahead of the game considering the need for new realtors, real estate agents, developers in the next generations...

I know a lot of investors are in ATL, I think you will have plenty of great opportunities to generate passive income!