Memphis is definitely a solid market known for steady growth and affordable housing.

Hey All - As my fix & flip company has grown in the last two years, we are beginning to bring our own construction in house.

Use the two years to learn the area and I would suggest as soon as you can, find a duplex and start a house hack. 

I started real estate investing by house hacking and then getting into rentals from there.

If so, you may be able to wholesale the property to someone (perhaps even someone in one of those $400,000 houses) in such a way that you and your grandmother come out whole.

It's NOT a house!

We have been working in the affordable housing space for some time, and this allowed us to partner with the local community and provide a housing solution they need as their city continues to expand with new jobs they are successfully bringing to town.

My DP was around $20k and when I sold it I cleared over $200k.Good luck to you and let me know if there's ever anything else you'd like to know about house hacking.

if you were only going to rent out a portion of the house as an STR that portion would have to be worth more than your exchange as well.

Is there no one else of your religion in the area looking for housing?