Prices are a little soft in Memphis at the moment, but I think that will change when interest rates go down some more.

First, it fast-tracks your learning as an investor - you are forced to develop better time management skills, build your network of reliable contractors/ handymen, etc..Second, when you are ready to transition to a property manager, you are well equipped to evaluate and hire the right company.3.

A successful STR needs a good bit of cash upfront and if you’re doing a BRRRR then even more now for rehab.  100% financing everything and the rehab is not advisable unless you’re a very skilled and hands on STR investor.  

Over-relying on a coach for every decision can hinder your ability to develop critical thinking skills and confidence in your own judgment.5.

Learned some negotiation skills through this deal.

Quote from @Marc Winter: Of course, a skill like that is marketable! 

Down payment should be about the same (20% on a buy-and-hold) but you'll see an additional $3-$6k on average in CC and the ability to keep it off of your DTI/Personal credit along with hopefully no more hard inquiries on your credit (many lenders will accept/perform a soft pull).

They also appreciate honesty and transparency so they can make decisions fast without any surprises.Some of the top skills that you can focus on are:Comping: Knowing your comps inside out is a must.Negotiation: Being able to connect with sellers and strike a good deal is huge.Networking: Relationships with buyers, agents, and other wholesalers are invaluable.Also, Get to know your local market being able to talk the talk in your area will help a lot.

I think anyone who’s trying to sell homes like this for the amounts they are asking lack basic skills in the real estate world.

It could be some sort of skill set for renovations, design for furnished rentals, specific market knowledge, owner occupied loan products for a house hack, etc.