Hi @Fulati PaerhatiI'm local here in Memphis and for that price point, I would recommend the Millington and Oakland areas. 

In addition to Turbo Tenant, I would suggest that you have a local Realtor list it for rent. 

Yup and its a joke when you have these proclamations from those running for pres that they are going to magically accelerate construction.. they can do it if they want to pay 100% of it.. but if they expect the private sector that has to work through local zoning etc.. that aint happening and you cant force people to sell the land cheaper than they think its worth or can get on the open market just because we need starter housing.

You can contact some local property managers and get a better idea of the rental market.

Nevertheless I am local now and I have that real estate desire (which never went away).

Going to start by checking into local REÍ meetups and talking to some friends and family that are doing what I’d like to.

Consult your local CPA to calculate accurately and minimize your tax liability.

I've signed up to my local GaREIA 2 weeks ago and already started networking there. 

The management companies & local investors usually lease places up within 1-2 weeks max (depending on if you want to hold out of higher rents) How would you think about leasing these out? 

When Helene/Milton hit we had local displacements and I suspended any rising rates (rising naturally due to spike to demand).