This could help you build confidence and add to your capital without the pressure of a larger, more complex project.You’re right that the Nashville/Central TN market has been hot, and while it’s cooling, rates are favorable.

@Najeh Davenport I had a pool for a 5-unit complex and went through same decision process as you.

For longer-term holds or more complex deals, IRR and Cap Rate might take center stage.It’s all about what aligns with your objectives and helps you make the best decisions for your projects.

.- A reverse 1031: Complex, and possible financing issues for the initial purchase before selling.

Once you have >1M in equity, then I think its worth considering getting something slightly more complex.

I wasn't negating your post, I was only offering a different view... one that too many face and feel, yet one that not many will speak up on, again, because there are those with "bully" syndrome and this superiority complex who shut them down every time they ask a question. 

The ability to work with unique or complex property situations?

Hey Shalonda, When renting out a property for mid-term stays, typically defined as stays longer than 30 days but less than six months, the tax situation can be a bit complex.

This integrated approach helps mitigate risks and reduces the complexities of managing multiple service providers.As you consider investing in Memphis, you should evaluate the local market to identify neighborhoods with strong rental demand and growth potential.

We dealt with rentals, flips, commercial, small apartment complex developments (~10 apartments), sport facilities, and a few government contracts.We are actually very open to different opportunities and investment approaches, but our plan was to start "smaller" with some cash deals in NJ (maybe somewhere in the area between Staten Island and Philadelphia, but staying in NJ), by flipping a few smaller properties and starting to generate some income.