Daniel,Memphis is a great market for investors and we have continually seen growth in both rental rates and property values. 

If there isn’t significant equity capture at this purchase price, and it’s not in a great location, this would be a pass for me.

Here are a few tips to help you get started:Financing: Since you’ll be starting your internship soon, lenders may look at your projected income or require a co-signer until you have a longer work history.

I read there was some frustration with this by STR ownersThanks in advanceRobin

Did you go this route and if so, how did you fare? 

First time on this forum, and just introduced through two books I just read by David Greene and Brandon Turner.  

I regularly break down the latest market news so you and your clients can stay ahead of the game.Hope this helps—good luck!

Adding 1-2 doors this year would be awesome. 

For the contractors, there are always going to be ones that have you already saying yes to stuff and will just continue to send crazy change orders, and when they do that is when you stop the project and go elsewhere. 

What are the next steps---BRRR seems like a good method for this- as theres potential for long term renters(near elementary and highschool)Step 1- look for a hard money loan(will they also cover construction?