It's essential to evaluate coverage options carefully and consider consulting with a financial advisor specializing in real estate investments for strategic insights.

Lower-skill jobs have higher turnover, and companies that hire for these roles are always hiring and are likely not the pickiest employers (for example, the average annual restaurant industry turnover rate is 79.6% from 2013-2023 – 79.6% of restaurant employees leave their job every year).

So if you want a true solid evaluation of their program you need to judge it buy how efficient they are in teaching you how to generate MOTIVATED seller leads.. not just "seller leads".Then you find the students that didn't take selfies with their paychecks.

Congratulations on your first post and evaluating deals. 

@Gaurav Vedi this is very thorough.Did you also evaluate the increased cost of compliance, admin, and time you will need to invest in executing setting this up and maintaining it? 

Major corporations like Oracle, Hewlett Packard Enterprise (HPE), and Charles Schwab have relocated their headquarters to Texas since the pandemic, with CBRE noting that companies can save 15% to 20% in employee wages by making the move.Census Report Link: Texas experienced the largest numeric population change in the nation, adding 473,453 people in the past year alone, surpassing even Florida.The recent price decline follows some of the largest appreciations in the nation and presents an opportunity in a state that continues to experience tremendous growth. 

Start evaluating deals in that area first.

I would say local property management company is ideal so you learn the legal compliancy, too, BUT we also have many virtual non-local employees that are amazing at their job and have learned a lot in property management even if it's not in the state they live and own their own rental property in. 

There is no right answer, but I can tell you that having a full time employee to help with maintenance has made my life so much better! 

It might be beneficial to start evaluating investment properties in Memphis now while planning your house hack closer to your move date.If you have any questions or need more insights about the Memphis market, feel free to reach out.