Loan sizing varies by market, but in most areas your loan will be sized to 75-80% LTV; 1.20-1.25x DCR; 30-year amortization.

I am in the Memphis Market as well. 

I have found some of the best contractors from Facebook groups in the local market for example "Real Estate Investors of Oklahoma City".

All look in-line with typical market pricing.

A frank, hopefully insightful, dive into real estate and financial markets.

Quote from @Kishan Purohit: @Heath D WallaceTo get this deal to cash flow, you could look into increasing the rent if the market allows or reducing operating expenses, such as lowering management fees, vacancy rates, or insurance costs.

This property has a ton of deferred maintenance but I'm purchasing it well below market value and I have a decent budget. 

In CA (my market) the seller is required to make honest disclosure statement and you can collect for material non-disclosure.I suspect you already have learned that you need to check the status of all permits. 

Focus on Education and NetworkingBuild your knowledge: Continue learning about different real estate investing strategies and market trends to make informed decisions.Connect with other investors: Network with experienced investors in your area to gain insights and potentially find partnership opportunities.    

Hi JAY,I'm reaching out to have your feedback on the Decatur Market.