In terms of whether it's wise to buy a new construction, a lot of investors are looking to buy SFH or MFH that has a Value Add component.

Then corporate tax would be only the federal component of 21% max. 

Something to know BEFORE creating a contract for sure.Just saw a video of young couple who bought SFH in North fL; principle and interest was 460 or 560 / mo ; so that was affordable but then because they were financing the property there was additional unexpected 100. / mo flood insurance.  

Be prepared for unexpected repairs, difficult tenants, tenant losing jobs, etc.

I mean I am turnkey I was the number 24 new home builder out of the top 30 in the Portland market.. and all of are product are TURNkey I suspect  they are brand new homes.. just like the buys I fund here in the PDX metro area they are flippers.. they just NEVER sell to investors its all home owners.. and homeowners want fresh new modern rehab.. so investors same thing they want fresh new rehabbed rentals.. and if you can bring the management component that helps them.. but I bet Memphis has their share of flippers that sell to home owners.. they are turn key in a sense..

DC to Boston has flights every hour out of 3 different airports for pretty cheap, so I was able to get there fairly easily, but I didnt have to go there unexpectedly about twice a year to deal with crap.

The superior investor has a plan that includes a strategy for dealing with unexpected setbacks.

Im glad I took his advice, because immediately I had to deal with some unexpected costs.

If not, you may just have to live with an unexpected turnover.

One bad tenant or an unexpected roof leak can decimate your return.2) The biggest determinate of an investment's success is property manager (also referred to as operator).