We are currently investing in Memphis, TN and Detroit, MI and have had great success.

What is your current BUY formula for properties in this market?

My current flip was bought from a wholesaler in a partnership with a builder friend of ours who has his own salaried framers, roofers, plumbers and electricians.  

I'm currently working with a realtor who himself is a real estate investor.

I currently have one in an LLC grandfathered in.

These all require applicants to submit an acceptable Letter of Explanation addressing each specific issue and occurrence.Rental HistoryBecause a current landlord may say anything to get rid of a bad tenant out of desperation, we also require information for the previous landlord of all applicants…Analyze IncomeMany landlords require a month of paystubs from applicants and just use these to calculate a monthly qualifying income…Employment StabilityUnless an applicant has exceptional credit, we strive to determine their stability of employment…AssetsWe are one of the few management companies that requires a bank statement as part of our application process…Letter Of ExplanationAny time there are credit issues or we discover an inconsistency, we require a written letter of explanation (LOX)…UnderwritingTraditionally, landlords have only looked at the income of applicants…ApprovalOnce an applicant is approved, we require a nonrefundable Holding Fee to make sure they are serious…

Zach and I are colleagues we currently do not have any business together but he will call me and I call him to discuss things related to RE..

If your goal is day-one cash flow, the current high interest rates will make it very difficult.

I currently own 10 doors, and always looking for more, when the deal makes sense.  

With where you are at currently, I would recommend a regular tax prep agent from a company like H&R block.