Property needed some TLC as it had some termite damage and active infestation at time of move in, got quotes from contractors to replace some studs but all quotes came in too high so ended up doing most of the work on the home myself which meant the home sat vacant until January 2025 at which point i placed on rental sites but still waiting for vacancy to be filled.

They might have ideas for credit improvements, debt pay downs, etc to help you get there in 2 years time. 

Can your first payment be in 90 days, so you have time to rent the property?

I'm closing on my first single-family home in the Memphis area, which I plan to turn into a long-term rental.

@Thomas T.i'd house hack first. 

This will cost you a lot of money and time.

You need to pad both time and cost contingencies.

Quote from @Walter Bowser: Quote from @Jay Hinrichs: Quote from @Walter Bowser: Turnkey is great for a first time investor.

Quote from @Alex Yang: Professional remodeler, first time builder. 

My partner and I recently visited for the first time in February and loved it!