The 38128 is slightly below the median and is in a decent area, but definitely an area on the more challenged end of the spectrum in Memphis. 

For your scenario, I would definitely look at your home purchase as an investment.

Non-payment of rent is always the path of least resistance to get someone out in a somewhat timely manner.

I would definitely ask your accountant before making any changes or opening an LLC.

Starting with land can help build funds for bigger opportunities, but multifamily is a solid path if your goal is long-term cash flow and financial independence.Good luck!

While traditional loans might be tough with current interest rates and no W2s, there are definitely creative financing options and strategies to consider.One possibility is exploring seller financing.

Also like I said definitely need to go through an attorney to handle all this Yes I am working with an attorney to get it cancelled.

Some folks want a seat at the table and real control, while others prefer to be passive.. letting the sponsor do the heavy lifting.From what I read in The Economist, some markets (like Phoenix) are experiencing fresh pockets of growth in multifamily, so it’s definitely worth exploring if you’re eyeing future expansion.

However, I definitely recommend pictures any time a guest left damage or extra cleaning that will result in additional charges.

They don't even sell courses.So, Licensing Experts definitely aren't a guru.