Quote from @Bruce Woodruff: Waaaay too much, lol it must be exhausting running all of those unnecessary companies.

Memphis has a diversified economy, with major players in logistics (FedEx, UPS), healthcare (the Med District), and education (University of Memphis, Rhodes College).

My rents are high at $6300 per 3BR unit so I guess the risk is if economy goes south and no one can afford the high rents.     

“Passing Good Cause is not only a step toward tackling these systemic issues—it is the vital foundation to any meaningful action.”In a free market economy, how will those providing housing react to a law that forces them to house non-paying tenants for free? 

All the markets you mentioned are solid choices for affordability and long-term growth potential.If you’re looking to narrow it down, consider Indianapolis or Columbia, SC, as both have strong rental demand, landlord-friendly laws, and stable economies.

Just the last 20 have been so abnormally low we have gotten used to that normal.Folks also forget what started us on the ultra low rate cycle for  the world economy to crash in 2008. 

The most expensive exchanges are typically "one offs" done by an an attorney with no economy of scale which is a direct result of little direct experience.However I'd also counsel that you not simply look for the cheapest "fill in the boxes" internet intermediary either.  

This list isn’t exhaustive but includes most of the best ways to find quality firms to partner with.Conferences.

Exhaust all of your conventional or government financing options before you get into DSCR. 

If we are purchasing properties when the market is a highly appreciated seller’s market, we need to realize we may be in DUMB DEBT and should be prepared for the risk of suffering the consequences if and when the economy turns for the worst and goes into a recession as this will likely cause values to drop.