If its the latter then I always caution people spending money to save some is not always a good strategy.

The price point here is attractive, especially when you’re buying all cash, which will help you maximize your cash flow potential.One of the best things about Memphis is the strong rental demand.

I'm considering converting the shed into a DADU to maximize the use of the space and earn some extra income. 

Large appreciation implies property tax savings versus a new purchase. 

While doing all these things minimize your expenses and save as much of your income as you can.

And are actually making a good career educating and assisting investors to maximize the benefit of the 1031 exchange.

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

The more you have saved, the more options you'll have.The road won't be easy, but it will be rewarding in the long term.

I personally manage my rent by the room property and yes there are some headaches, but as you mentioned it's one of the most viable ways to maximize returns in a high-priced market.

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.