I've been here since 2007 (but only started investing in SFH recently) and have definitely noticed that when I see a duplex, tri, quad, 8+ they all seem to be in rougher neighborhoods...that being said, I myself definitely want to find some and may end up relying on off-market deals to find what I want.Let me know if you learn anything new about multifamily here in Memphis, I'd love to understand it more as well!

One thing I’ve noticed is that the Midwest in general offers strong rental yields compared to coastal cities, where property values tend to be much higher but returns are slimmer.As for local networking, I'd suggest tapping into local real estate meetups, the local chamber of commerce or investor groups.

I also noticed the area where I am looking to invest the rents seem to be dropping. 

Then I discovered RHAwa.org which for $110 a year you get access to their attorney created lease agreements along with several addendums (bed bugs, crime free addenda, smoke free addenda, notices).

If there’s a noticeable drop in bookings due to the higher cleaning fee, it’s time to revisit pricing.

You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.Creating an LLC in California could cost you a minimum tax of $800 every year.

We are noticing the same here in Florida.

I do notice I got charged a Loan Origination fee twice, each for $855, I'm feeling that shouldn't be the case.

The second year, they all of a sudden at renewal sent a notice that I'd be required to have carbon monoxide detectors in each bedroom. 

I specialize in renting to Section 8 (BRHP) in nicer areas of Baltimore County and noticing significantly deteriorated tenant quality.