Before making that move, consider other funding options like HELOCs, cash-out refis, or partnering with an investor to keep your retirement funds growing tax-free.If you're set on using retirement funds, explore self-directed IRAs, which allow real estate investments without triggering penalties.

Most of us already have the skill sets from our day jobs.  

All of these spots are awesome locations to buy and set up as an STR (short term rental) use VRBO/AirBNB to triple your monthly NOI.If you need ay advice or want to talk REI or which locations are best feel free to reach out! 

When I first set up the home, my target demographic was young people looking to host events like bridal showers, game nights, and baby showers.

Do they set up and pay for water, trash, garbage or does the landlord take those on?

Will take two sets down on the next trip.  

Each one offers its own set of opportunities for appreciation and cash flow.

My understanding is in Jersey, the owner has a set period of time where they can force the property to go to auction.

I'd rather the team set the right expectations for you up front than act like an agent that can get it done for you but then struggles with how challenging things are right now -- especially with it being hurricane season. 

IF you decide to move forward in Memphis, recommend buying the first one turnkey to get you going.You'll learn a lot about rentals and the market with the first one.THEN, if you like results you can look for agents & PMCs to help you buy more and save the 20-30% markup you mentioned.Recommend you also read below info to set your expectations correctly:_________________________________________________________________________We think the Midwest is a GREAT place for OOS investors to consider!