Price point really depends on the property type, again if the numbers work we will pursue it with in reason! 

Depends on your scenario exactly though, never one cut and dry answer to which is better.

It also depends what type of neighborhood you're buying in though as well.

Depending on your level or preference of analysis, data and their providers are incredibly important and difficult to obtain when it comes to real estate underwriting.

If you go conventional the lender will require 20-30% down depending on your profile and the deal terms. 

Depending on the state, you will need a designated agent for your LLC, in that state.

Transferring ownership to your LLC might trigger transfer taxes or reassessment, depending on your local regulations.Commercial lenders will evaluate your loan based on the property’s cash flow (DSCR) rather than your personal income, which is great for freeing up your DTI. 

You will need to factor in rehab costs, which could easily eat up another $50-75k depending on the condition.

The ones I manage total to 20 bedrooms.These rooms rent for between $125 to $225 per week depending on room size and amenities in the room (beyond basic amenities may include: Desk, Tv, private entry, tenant controlled AC, additional storage).This month after padsplit takes their 14.25% cut of the revenue I am recieving, from the units I own, $15,230 from 3 homes.

I'd love to give you some insight into what the Memphis market might have to offer you depending on your goals.