The property prices are lower compared to other markets, and the rental demand in certain neighborhoods can be pretty strong.Of course, it's always good to dive into specifics about the areas you’re considering within Memphis.

I'd also recommend checking out the Market Finder tool (biggerpockets.com/markets) for a quick way to compare markets and narrow your search to a few top-performing areas. 

The thing I like about lots/land is there is a lot less emotion involved compared to houses. 

Than I compare those, and I pick one.

However, you are limited as to what you can do compared to the software option.I personally have not used either on a Mac so I can't help you there. 

Compared to other commercial asset classes, storage remains one of the strongest performers in the market.

Short term rentals can be advantageous for immediate cash production, but are more risk as compared to a long term rental.

This will get you the investment at the price you're looking for, while gaining appreciation in a hot market caused by migration and lower prices compared to the rest of the country (Greenville, SC).

We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

He's playing with numbers, I reckon, and I bet there was a mortgage on the property, so his cash in was not $230k.