Read about various strategies and pick whatever suits you best. 

A bigger section where my fiancé and I will live (after we get married in August) and a smaller in-law suite section.  

Asbestos...Of course the concern is tenants and law suits.

I then followed suit 8 years later ensuring my son would not either. 

I am doing a BRRRR right now where I am living in the mother in law suite, while rehabbing, and will rent out the main house (3 bed 1 bath) when complete.

Wife and I are interested in creating a multifamily property, either through creation of an in-law suite, or maybe just building a nicer MFR property from the ground up for a house hack opportunity.Location agnostic at this point, just seeking info on people who have successfully did a new build of a small MFR property?

Memphis' strong suit is in single family homes and not so much on small multi family properties.

I agree with Dan the 3 locations are well suited and you can consider the Springs a great place to invest.

A property owner in a HOA rented out his unit for STR, the HOA said no, a law suit came about, and the ruling was City law trumps HOA rules.Below is the link:https://www.google.com/amp/s/amp.vcstar.com/amp/90311826I have yet to test this case law.

Then there was the whole sequence of massive law suits resulting in the new tax code adjustments which were only finalized in 96.