I would urge you to start looking at a high-income strategic route to financial independence without pulling the real estate lever.

Hi Everyone,I’m obviously new to BiggerPockets, but I’m starting to venture out into real estate investing. I’m currently in the process of looking for a deal finder (which will likely be an agent for me) in Memphis. ...

It was a lot of work and we would like to strategize our tax liability.

Of course I don't agree with everything in the book, but what Stanley's trying to show and say is, overall, the best strategic resource on how to live in order to help yourself get from zero to a million on your personal balance sheet that's ever been written in America.Stanley's gone, sadly, killed by a drunk driver in 2015.

I am still trying to formulate a couple solid questions I have, so I can be more direct. 

@Zaccheus Mokua @Theresa Velazquez how would y'all feel about partnering with a team that does all that for you, has a team of local market experts to help you out, sends you deals on a daily basis, provides help finding financing, and assists you with formulating an exit strategy so that you can quickly get started on your next deal?

This will determine what kind of strategy you will follow, core, core plus, value add or opportunistic.If you were looking at $100k-$250k of capital I'd say you could be more liberal in your approach but since you are talking about 7 figures I would be alot more strategic about where you park your capital.

From my research, a lot of investors spend renovation money in such a strategic way that all their money of reno's is back with them in 24 months (Example below).

Then formulate a plan to get there.

Once you know that you can begin to formulate an offer and plan.Post the details.