Certainly you should work to minimize your taxes by applying appropriate entity structuring and tax strategies.

One model I’m seeing investors doing is the rent by the room strategy / padsplit.IF done right, you can turn a single family home to function like a multiplex - increasing the cash flow by double, even triple oftentimes.Has to be the right property of course / layout / characteristics to minimize drama and conflict between roommates / tenants since it’s a longer stay than STR and spaces are shared but with the right set up and systems in place in can be extremely effective and super profitable.You can easily switch from STR to MTR since it’s already furnished and just make a few tweaks.I can definitely help you put some ideas together or connect you with some investors I know doing it in Jacksonville FL. 

For example, try USDA (if possible) or FHA loan first and start by buying a primary residence, then do X, then Y.Also, are there methods to minimize upfront costs? 

Thanks There a some lenders that offer require minimal or no season for the Memphis market.   

We are seeing very minimal movement due to inventory constraints in the Valley! 

I should expect minimal maintenance. 

Centralizing your staff and moving parts in a single system will improve your operations and guest experience because it will help minimize the chance something will fall through the cracks.

However, when I had the choice to go to $5,000, the savings were very minimal, and it would have taken 10+ years to recoup if there was ever a $5,000+ loss.

Prior to the recent rate hikes, it was possible to purchase a property, rehab it, extract investment via high LTV refi, and have some (minimal) cash flow (infinite return) while experiencing crazy appreciation.  

. - LLCs provide minimal legal protection in case of an incident. work with an asset protection attorney to come up with a better plan if they are that concerned. also have great insurance and an umbrella policy.