So I'm looking for the combination of affordable properties (cheap could be misinterpreted) and (mass) tourism.

I like the functionality a lot but it seems that once a month there's a new bug to contend with that's eating into my time.

But Memphis’ combination of affordability and rental demand might make it a promising option to explore as you continue to build your real estate portfolio.Best of luck with your current investments and your ongoing learning process!

The property is still purchased by you, but the LLC is the lender.Now if you are using a combination of things this same strategy/concept can still be used but you'll need to file a 2nd lien for your 2nd source of money. 

Maintenance/cap ex is primarily a function of unit features and tenant quality and not a function of the rent.  

I never used it in the way you are describing but I can attest to its functionality.

@Matthew Paul and @JD Martin and @Scott Mac combined - Let the bleach/dawn mixture sit, then pressure wash it, then seal it!

I've been able to get a healthy combination of both cashflow and appreciation from all my properties after a little TLC.

The city's resurgence can be attributed to a combination of tapering construction on new units and a steady increase in demand, pushing rent growth above its pre-pandemic average of 3%.Similarly, San Francisco experienced a dramatic turnaround in July, with apartment rents jumping from 1% in June to 2% at the end of the month.

@Leah MillerTypically no - condo bylaws and zoning regulations typically do not allow to segment a units potential exists to possibly combine units (which can be cost prohibitive as you need board approval and potential building code issues) but I have never seen a condo building allow someone to subdivide a unit