I personally recommend that if you have good debt on the first one to take a heloc, and if your debt is meh to potentially look into cashout refi’ing on the 1st building and keeping your eyes open for the next opportunity :) Analyze both accordingly and talk to your lender as well as other investors to get their thoughts! 

This keeps all those regulations and red tape away and makes the loans easier to obtain and close.You definitely want to open an LLC, save money, and keep an eye on your credit. 

It looks like there are about 1,200 listings in the "Village of Four Seasons" section near the Bagnell Dam.The entire area rates really low for seasonality, so you may consider how much a week in the summer will actually cost you if that's your "break-even" time.Happy to give you more data if you're eyeing a specific property or ZIP code.

Then...here comes someone that induces the seller to violate a covenant of the loan agreement by transferring title without the bank's approval...someone we did not underwrite.

I have done some googling so far and some facebook group searching and there are some results there, but I imagine there is much more than meets than eye.

There are a couple of "elite" property management companies in Memphis.Multifamily: I scan the market quarterly to keep an "eye" on things. there was a 22 unit in a desirable location for +2m and a 64 unit for +6m.

My marriage strained under the pressure, my financial burdens mounted, and the disappointment in my children's eyes mirrored the turmoil within my soul.

Must say, I got my eyes on Garfield Heights,44135 and Euclid so far, but I'm open to suggestions! 

If you're too greedy you might miss an opportunity right in front of your eyes"4.

Items like kitchens, bathrooms, convenient laundry, nice flooring are most likely to catch the eyes of renters and can justify market or slightly higher than market rent.