The other thing I use for savings is my cash position in my taxable brokerage account which right now is getting 4.5% interest. 

I am in a relatively same position as you.

Investing in Memphis, TN could be a great move for you, especially if you're looking for positive cash flow.

My situation: I graduated college in May 2024 and started a FT position at a public accounting firm in September.

With careful research, a strong property manager, and your local partner, you’ll be well-positioned to succeed.

Income more than 3X rent, 690 credit history, positive report from previous landlord, from the area and moving because current landlord selling. 

There are exemptions for LLCs/Corps that employee more than 20 employees or have annual income of more than $5 million, because every body know money launderers never have more than 20 employees or make more than $5 million a year.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Still early but changes seem positive. 

@David Cheng, I get your position on requiring proof of liquidity for a high-value property like your $2 million fourplex.