300 jobs isn't a lot to bring to Memphis for a $3-4 billion dollar project (it doesn't take much to run a data center). personally I'm a musk fan, but we have to consider the ramifications to demanding this much energy.

Here’s why you should consider investing in this growing market:Affordable LandFlorence offers affordable land compared to larger markets, allowing investors to secure property at lower prices with strong potential for appreciation as the area develops.High Demand for New HomesThe city’s growing population is driving demand for new construction.

Manage cash flow by cutting non-essential costs, making the property energy-efficient, and offering flexible lease terms.

If you want to scale into MFH, I would start in a market that has a larger volume of MFH properties.

Typically in my experience at a large real estate development firm, we worked with local attorneys on the appeal process every year.

Save yourself the time and energy and reach out to local accountants. 

I’ve been in similar shoes, starting out small and gradually building up to handling larger projects.

Is the PM an individual that works for a larger organization or their own independent business (eg like a realtor who works with a group of people at an office)? 

Quote from @Alex Todd: Hi all - my wife and I are planning on a April 2025 1031 exchange into a larger (for us at least...like 5-8 units) multifamily unit.

The Subto community is larger and also overwhelming.