I own a small multifamily commercial in Albuquerque and can confirm the diversity of the economic and cultural factors that you mentioned. 

I would consider the tenant's past, as well as the condition of the unit, my local market, and other factors.

There is roughly $20,000 left in rehab including windows, floors, a new kitchen and bathroom. 

Speed of building a portfolio (Cash-on-Cash return is a factor here)?

I really like having multiple opportunities to make income from 1 property, including a worst scenario of converting all the units to LTR. 

A real estate lawyer can help you navigate the specifics, including ensuring you don’t inadvertently trigger any unintended tax consequences.A few tips to consider:Check with your mortgage lender: If there’s a loan on the property, transferring it to an LLC could violate the loan’s due-on-sale clause.

My telephone number is included below if you have any questions or wish to speak, I have several minutes best wishes to you.

@Jerell Edmonds is right that many of us, including myself, waited because of fear and feelings. 

Hi Guys, I was connected to this company through Jason Hartman, and have spoken with them and trying to do my due diligence (also contacting local realtors and other similar companies including http://midsouthhomebuyers.com/Just want to be sure that these guys are reputable. midsouthturnkey.comIs it worth it to purchase and rehab homes in Memphis still?

You will need probably 20% of total cost (Not including financing costs. 80% LTC) as the down payment.